Gwyneth Paltrow says her diet aims to control the high levels of inflammation she's suffering from as a result of long Covid. Photographer: Lauren Justice / Bloomberg
Gwyneth Paltrow says her diet aims to control the high levels of inflammation she's suffering from as a result of long Covid. Photographer: Lauren Justice / Bloomberg
Gwyneth Paltrow says her diet aims to control the high levels of inflammation she's suffering from as a result of long Covid. Photographer: Lauren Justice / Bloomberg
Gwyneth Paltrow says her diet aims to control the high levels of inflammation she's suffering from as a result of long Covid. Photographer: Lauren Justice / Bloomberg

What is an almond mum and why is Gwyneth Paltrow being called one?


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Gwyneth Paltrow has sparked a lifestyle debate again, this time for her diet.

The Oscar-winning actress and founder of lifestyle site Goop recently made headlines after she shared her wellness routine, including what she ate in a day, leading some to brand her eating habits "restrictive".

Appearing on The Art of Being Well podcast, Paltrow, 50, told host Will Cole, a doctor in natural medicine, that she does intermittent fasting.

"I usually eat something about 12. And in the morning, I’ll have some things that won’t spike my blood sugar. So, I have coffee," she says in a video that was widely shared on TikTok.

For lunch, she says she often eats soup, namely bone broth. This is followed by dinner, which consists of "lots of vegetables" at around 6pm, before she fasts again until midday the next day.

"For dinner, I try to eat according to paleo. So lots of vegetables. It's really important for me to support my detox," she says.

Paltrow also said she tries to incorporate an hour of movement, whether a walk or Pilates followed by time in the sauna for 30 minutes.

The video, which has been viewed more than three million times, sparked heated debate, with some users calling out Paltrow for "promoting starving".

One user called the mother-of-two "the mother of all almond mums".

While its origin is unclear, an almond mum is a popular term on social media, used to describe a parent whose mindset around wellness is linked to diet culture — specifically, mums who encourage their others to eat a handful of almonds rather than a meal to tide over hunger.

Plus-sized model Tess Holliday, who has openly discussed her battle with anorexia, expressed concern about the implications of the video.

"This isn't normal and it's affecting a whole generation of young folks who think that eating like Gwyneth Paltrow is okay," she says in her own reaction video.

Paltrow's response

At the weekend, Paltrow responded to the backlash with a video posted on her Instagram Stories, reassuring her followers that she eats far more than only bone broth and vegetables.

She said she designed the diet with her doctor to control the high levels of inflammation she's suffering from as a result of long Covid, adding that she also eats cooked vegetables, all types of protein, healthy carbohydrates and occasionally indulges in French fries.

"This was a transparent look at a conversation between me and my doctor. It's not meant to be advice for anybody else," she said. "It's really just what has worked for me, and it's been very powerful and very positive. This is not to say that I eat this way all day every day."

Since she launched Goop in 2008, Paltrow and her company have been the subject of a number of controversies.

In 2018, Goop was fined $145,000 (Dh532,000) for its "unsubstantiated marketing claims" when it said that an egg-shaped jade would improve women's hormonal imbalances.

The site also famously sold "healing" stickers that it claimed were made from the same material as Nasa spacesuits. Mark Shelhamer, a former chief human research scientist at Nasa, called the product "nonsense".

In 2001, Paltrow was criticised by dermatologists when she shared her tips on how to apply sunscreen for Vogue.

“I am not a head-to-toe slatherer of sunscreen," Paltrow says in the video, proceeding to apply sunscreen only on her nose, cheeks, upper lip and chin — or according to her, "the area where the sun really hits."

One dermatologist told USA Today, the actress was sending a "very dangerous message."

  • Brad Pitt and Gwyneth Paltrow, in a white satin blazer, attend the 'Living in Oblivion' premiere on July 12, 1995 at the Royal Theatre in Los Angeles, California. Getty Images
    Brad Pitt and Gwyneth Paltrow, in a white satin blazer, attend the 'Living in Oblivion' premiere on July 12, 1995 at the Royal Theatre in Los Angeles, California. Getty Images
  • Gwyneth Paltrow, in jeans and a leather jacket, and Brad Pitt attend the premiere of 'Copycat' in Los Angeles, California, on October 19, 1995. Getty Images
    Gwyneth Paltrow, in jeans and a leather jacket, and Brad Pitt attend the premiere of 'Copycat' in Los Angeles, California, on October 19, 1995. Getty Images
  • Gwyneth Paltrow, in Donna Karan, attends the premiere of 'Great Expectations' in Los Angeles, California, on January 20, 1998. Getty Images
    Gwyneth Paltrow, in Donna Karan, attends the premiere of 'Great Expectations' in Los Angeles, California, on January 20, 1998. Getty Images
  • Gwyneth Paltrow, in Giorgio Armani, and Hillary Clinton attend the 'Shakespeare in Love' premiere at the Ziegfeld Theatre in New York, US, on December 3, 1998. Getty Images
    Gwyneth Paltrow, in Giorgio Armani, and Hillary Clinton attend the 'Shakespeare in Love' premiere at the Ziegfeld Theatre in New York, US, on December 3, 1998. Getty Images
  • Gwyneth Paltrow, in a taffeta skirt and cardigan, attends the 56th annual Golden Globe Awards on January 24, 1999 in Beverly Hills, California. Getty Images
    Gwyneth Paltrow, in a taffeta skirt and cardigan, attends the 56th annual Golden Globe Awards on January 24, 1999 in Beverly Hills, California. Getty Images
  • Gwyneth Paltrow, in Ralph Lauren, arrives at the 71st annual Academy Awards on March 21, 1999 in Los Angeles, California. Getty Images
    Gwyneth Paltrow, in Ralph Lauren, arrives at the 71st annual Academy Awards on March 21, 1999 in Los Angeles, California. Getty Images
  • Gwyneth Paltrow, in a pale blue slip dress, arrives at the sixth annual Screen Actors Guild Awards on March 12, 2000 in Beverly Hills, California. Getty Images
    Gwyneth Paltrow, in a pale blue slip dress, arrives at the sixth annual Screen Actors Guild Awards on March 12, 2000 in Beverly Hills, California. Getty Images
  • Gwyneth Paltrow, in a silky relaxed two-piece, attends a Miramax pre-Oscar party in Beverly Hills, California, on March 25, 2000. Getty Images
    Gwyneth Paltrow, in a silky relaxed two-piece, attends a Miramax pre-Oscar party in Beverly Hills, California, on March 25, 2000. Getty Images
  • Gwyneth Paltrow, in Calvin Klein, arrives at the 72nd annual Academy Awards on March 26, 2000 in Los Angeles, California. Getty Images
    Gwyneth Paltrow, in Calvin Klein, arrives at the 72nd annual Academy Awards on March 26, 2000 in Los Angeles, California. Getty Images
  • Gwyneth Paltrow, in a strapless LBD and pashmina, attends the premiere of 'Bounce' on November 15, 2000 at the Ziegfeld Theatre in New York, US. Getty Images
    Gwyneth Paltrow, in a strapless LBD and pashmina, attends the premiere of 'Bounce' on November 15, 2000 at the Ziegfeld Theatre in New York, US. Getty Images
  • Gwyneth Paltrow, in a simple shirt and trousers, arrives for the premiere of 'Snatch' on January 18, 2001 in Hollywood, California. Getty Images
    Gwyneth Paltrow, in a simple shirt and trousers, arrives for the premiere of 'Snatch' on January 18, 2001 in Hollywood, California. Getty Images
  • Stella McCartney and Gwyneth Paltrow, in a black cold-shoulder dress, attend a gala to celebrate the clothes of Jacqueline Kennedy on April 23, 2001 at the Metropolitan Museum of Art in New York, US. Getty Images
    Stella McCartney and Gwyneth Paltrow, in a black cold-shoulder dress, attend a gala to celebrate the clothes of Jacqueline Kennedy on April 23, 2001 at the Metropolitan Museum of Art in New York, US. Getty Images
  • Gwyneth Paltrow, in Valentino, and Valentino Garavani attend the opening ceremony of the 59th Venice Film Festival on August 29, 2002 in Venice, Italy. Getty Images
    Gwyneth Paltrow, in Valentino, and Valentino Garavani attend the opening ceremony of the 59th Venice Film Festival on August 29, 2002 in Venice, Italy. Getty Images
  • Gwyneth Paltrow, in a ruffled LBD, attends the 28th annual Deauville Film Festival on September 3, 2002 in Deauville, France. Getty Images
    Gwyneth Paltrow, in a ruffled LBD, attends the 28th annual Deauville Film Festival on September 3, 2002 in Deauville, France. Getty Images
  • Gwyneth Paltrow, in a strapless black midi, attends the BFI London Film Festival closing gala at the Odeon Leicester Square on November 6, 2003 in London, England. Getty Images
    Gwyneth Paltrow, in a strapless black midi, attends the BFI London Film Festival closing gala at the Odeon Leicester Square on November 6, 2003 in London, England. Getty Images
  • Gwyneth Paltrow, in Vivienne Westwood, and Jude Law arrive at the premiere of 'Sky Captain and the World of Tomorrow' at the Empire Leicester Square on September 27, 2004 in London, England. Getty Images
    Gwyneth Paltrow, in Vivienne Westwood, and Jude Law arrive at the premiere of 'Sky Captain and the World of Tomorrow' at the Empire Leicester Square on September 27, 2004 in London, England. Getty Images
  • Gwyneth Paltrow, in a tweed two-piece, attends a photo call at Hotel Hesperia on November 11, 2004 in Madrid, Spain. Getty Images
    Gwyneth Paltrow, in a tweed two-piece, attends a photo call at Hotel Hesperia on November 11, 2004 in Madrid, Spain. Getty Images
  • Gwyneth Paltrow, in a cap-sleeved black dress, arrives at the premiere of 'Proof' at the Odeon West End on October 22, 2005 in London, England. Getty Images
    Gwyneth Paltrow, in a cap-sleeved black dress, arrives at the premiere of 'Proof' at the Odeon West End on October 22, 2005 in London, England. Getty Images
  • Gwyneth Paltrow, in Stella McCartney, attends the launch party of Stella McCartney's collaboration with H&M at St Olave's House on October 25, 2005 in London, England. Getty Images
    Gwyneth Paltrow, in Stella McCartney, attends the launch party of Stella McCartney's collaboration with H&M at St Olave's House on October 25, 2005 in London, England. Getty Images
  • Gwyneth Paltrow, in velvet boots and a silk dress, arrives at the premiere of 'I'm Going to Tell You a Secret' at the Chelsea Cinema on November 29, 2005 in London, England. Getty Images
    Gwyneth Paltrow, in velvet boots and a silk dress, arrives at the premiere of 'I'm Going to Tell You a Secret' at the Chelsea Cinema on November 29, 2005 in London, England. Getty Images
  • Gwyneth Paltrow, in Zac Posen, arrives for the 79th annual Academy Awards at the Kodak Theatre in Hollywood, California, on February 25, 2007. EPA
    Gwyneth Paltrow, in Zac Posen, arrives for the 79th annual Academy Awards at the Kodak Theatre in Hollywood, California, on February 25, 2007. EPA
  • Gwyneth Paltrow, in Stella McCartney, attends a photo call at the Ritz-Carlton on April 22, 2008 in Berlin, Germany. Getty Images
    Gwyneth Paltrow, in Stella McCartney, attends a photo call at the Ritz-Carlton on April 22, 2008 in Berlin, Germany. Getty Images
  • Gwyneth Paltrow, in Sonia Rykiel, attends the premiere for 'Iron Man' at the Cinemaxx on April 22, 2008 in Berlin, Germany. Getty Images
    Gwyneth Paltrow, in Sonia Rykiel, attends the premiere for 'Iron Man' at the Cinemaxx on April 22, 2008 in Berlin, Germany. Getty Images
  • Gwyneth Paltrow, in Preen, attends the 'Iron Man' premiere at Warner Moderno Cinema on April 23, 2008 in Rome, Italy. Getty Images
    Gwyneth Paltrow, in Preen, attends the 'Iron Man' premiere at Warner Moderno Cinema on April 23, 2008 in Rome, Italy. Getty Images
  • Gwyneth Paltrow, in Chanel, attends the 'Two Lovers' premiere at the Palais des Festivals during the 61st International Cannes Film Festival on May 19, 2008 in Cannes, France. Getty Images
    Gwyneth Paltrow, in Chanel, attends the 'Two Lovers' premiere at the Palais des Festivals during the 61st International Cannes Film Festival on May 19, 2008 in Cannes, France. Getty Images
  • Gwyneth Paltrow, in Antonio Berardi, arrives at the 'Two Lovers' premiere on November 4, 2008 in Paris, France. Getty Images
    Gwyneth Paltrow, in Antonio Berardi, arrives at the 'Two Lovers' premiere on November 4, 2008 in Paris, France. Getty Images
  • Gwyneth Paltrow, in jeans and a blazer, attends the Stella McCartney show as part of Paris Womenswear Fashion Week at Palais de Tokyo on October 5, 2009 in Paris, France. Getty Images
    Gwyneth Paltrow, in jeans and a blazer, attends the Stella McCartney show as part of Paris Womenswear Fashion Week at Palais de Tokyo on October 5, 2009 in Paris, France. Getty Images
  • Gwyneth Paltrow, in Donna Karan, attends the Mamounia hotel inauguration on November 26, 2009 in Marrakech, Morocco. Getty Images
    Gwyneth Paltrow, in Donna Karan, attends the Mamounia hotel inauguration on November 26, 2009 in Marrakech, Morocco. Getty Images
  • Gwyneth Paltrow, in Elie Saab, arrives at the Laureus World Sports Awards at Emirates Palace Hotel on March 10, 2010 in Abu Dhabi, UAE. Getty Images
    Gwyneth Paltrow, in Elie Saab, arrives at the Laureus World Sports Awards at Emirates Palace Hotel on March 10, 2010 in Abu Dhabi, UAE. Getty Images
  • Gwyneth Paltrow, in Prada, attends the National Movie Awards at Royal Festival Hall on May 26, 2010 in London, England. Getty Images
    Gwyneth Paltrow, in Prada, attends the National Movie Awards at Royal Festival Hall on May 26, 2010 in London, England. Getty Images
  • Gwyneth Paltrow, in Stella McCartney, attends the Met Gala at the Metropolitan Museum of Art in New York, US, on May 2, 2011. EPA
    Gwyneth Paltrow, in Stella McCartney, attends the Met Gala at the Metropolitan Museum of Art in New York, US, on May 2, 2011. EPA
  • Gwyneth Paltrow, in Prada, poses at a photo call during the 68th Venice Film Festival at the Palazzo del Cinema on September 3, 2011 in Venice, Italy. Getty Images
    Gwyneth Paltrow, in Prada, poses at a photo call during the 68th Venice Film Festival at the Palazzo del Cinema on September 3, 2011 in Venice, Italy. Getty Images
  • Gwyneth Paltrow, in Prada, attends the 'Contagion' premiere during the 68th Venice Film Festival at Palazzo del Cinema on September 3, 2011 in Venice, Italy. Getty Images
    Gwyneth Paltrow, in Prada, attends the 'Contagion' premiere during the 68th Venice Film Festival at Palazzo del Cinema on September 3, 2011 in Venice, Italy. Getty Images
  • Gwyneth Paltrow, in Elie Saab, attends the Bambi Awards at the Rhein-Main-Hallen on November 10, 2011 in Wiesbaden, Germany. Getty Images
    Gwyneth Paltrow, in Elie Saab, attends the Bambi Awards at the Rhein-Main-Hallen on November 10, 2011 in Wiesbaden, Germany. Getty Images
  • Gwyneth Paltrow, in Tom Ford, arrives for the 84th annual Academy Awards at the Hollywood and Highland Centre in Hollywood, California, on February 26, 2012. EPA
    Gwyneth Paltrow, in Tom Ford, arrives for the 84th annual Academy Awards at the Hollywood and Highland Centre in Hollywood, California, on February 26, 2012. EPA
  • Gwyneth Paltrow, in Louis Vuitton, attends a Louis Vuitton party as part of Paris Fashion Week at the Musee des Arts Decoratifs on March 7, 2012 in Paris, France. Getty Images
    Gwyneth Paltrow, in Louis Vuitton, attends a Louis Vuitton party as part of Paris Fashion Week at the Musee des Arts Decoratifs on March 7, 2012 in Paris, France. Getty Images
  • Gwyneth Paltrow, in Prada, arrives for the Met Gala at the Metropolitan Museum of Art in New York, US, on May 7, 2012. EPA
    Gwyneth Paltrow, in Prada, arrives for the Met Gala at the Metropolitan Museum of Art in New York, US, on May 7, 2012. EPA
  • Gwyneth Paltrow, in Hugo Boss, presents the new Boss Nuit Pour Femme perfume at the Neptuno Palace on October 29, 2012 in Madrid, Spain. Getty Images
    Gwyneth Paltrow, in Hugo Boss, presents the new Boss Nuit Pour Femme perfume at the Neptuno Palace on October 29, 2012 in Madrid, Spain. Getty Images
  • Gwyneth Paltrow, in Erdem, attends the premiere of 'Iron Man 3' at the Grand Rex theatre in Paris, France, on April 14, 2013. EPA
    Gwyneth Paltrow, in Erdem, attends the premiere of 'Iron Man 3' at the Grand Rex theatre in Paris, France, on April 14, 2013. EPA
  • Gwyneth Paltrow, in Dior, attends a photo call at The Dorchester on April 17, 2013 in London, England. Getty Images
    Gwyneth Paltrow, in Dior, attends a photo call at The Dorchester on April 17, 2013 in London, England. Getty Images
  • Gwyneth Paltrow, in Valentino, attends the Met Gala at the Metropolitan Museum of Art in New York, US, on May 6, 2013. EPA
    Gwyneth Paltrow, in Valentino, attends the Met Gala at the Metropolitan Museum of Art in New York, US, on May 6, 2013. EPA
  • Gwyneth Paltrow, in Prada, at Printemps Haussmann on November 7, 2013 in Paris, France. Getty Images
    Gwyneth Paltrow, in Prada, at Printemps Haussmann on November 7, 2013 in Paris, France. Getty Images
  • Gwyneth Paltrow, in Prada, attends the British Fashion Awards at London Coliseum on December 2, 2013 in London, England. Getty Images
    Gwyneth Paltrow, in Prada, attends the British Fashion Awards at London Coliseum on December 2, 2013 in London, England. Getty Images
  • Gwyneth Paltrow, in Prada, arrives for the 49th annual Goldene Kamera awards at Flughafen Tempelhof in Berlin, Germany, on February 1, 2014. EPA
    Gwyneth Paltrow, in Prada, arrives for the 49th annual Goldene Kamera awards at Flughafen Tempelhof in Berlin, Germany, on February 1, 2014. EPA
  • Gwyneth Paltrow, in Lanvin, arrives for the premiere of 'Mortdecai' at the TCL Chinese Theatre in Los Angeles, California, on January 21, 2015. EPA
    Gwyneth Paltrow, in Lanvin, arrives for the premiere of 'Mortdecai' at the TCL Chinese Theatre in Los Angeles, California, on January 21, 2015. EPA
  • Gwyneth Paltrow, in Ralph & Russo, arrives for the 87th annual Academy Awards at the Dolby Theatre in Hollywood, California, on February 22, 2015. EPA
    Gwyneth Paltrow, in Ralph & Russo, arrives for the 87th annual Academy Awards at the Dolby Theatre in Hollywood, California, on February 22, 2015. EPA
  • Gwyneth Paltrow, in Marc Jacobs, arrives at the amfAR Hong Kong gala at Shaw Studios on March 14, 2015 in Hong Kong. Getty Images
    Gwyneth Paltrow, in Marc Jacobs, arrives at the amfAR Hong Kong gala at Shaw Studios on March 14, 2015 in Hong Kong. Getty Images
  • Gwyneth Paltrow, in Valentino, attends the Valentino show at Piazza Mignanelli on July 9, 2015 in Rome, Italy. Getty Images
    Gwyneth Paltrow, in Valentino, attends the Valentino show at Piazza Mignanelli on July 9, 2015 in Rome, Italy. Getty Images
  • Gwyneth Paltrow, in Gucci, arrives for the Los Angeles County Museum of Art Art + Film Gala in Los Angeles, California, on November 7, 2015. EPA
    Gwyneth Paltrow, in Gucci, arrives for the Los Angeles County Museum of Art Art + Film Gala in Los Angeles, California, on November 7, 2015. EPA
  • Gwyneth Paltrow, in Michael Kors, attends an Audi event at Hotel zur Tenne on January 22, 2016 in Kitzbuehel, Austria. Getty Images
    Gwyneth Paltrow, in Michael Kors, attends an Audi event at Hotel zur Tenne on January 22, 2016 in Kitzbuehel, Austria. Getty Images
  • Gwyneth Paltrow, in Gucci, attends Elle Magazine's 30th anniversary party at Circulo de Bellas Artes Club on October 26, 2016 in Madrid, Spain. Getty Images
    Gwyneth Paltrow, in Gucci, attends Elle Magazine's 30th anniversary party at Circulo de Bellas Artes Club on October 26, 2016 in Madrid, Spain. Getty Images
  • Gwyneth Paltrow, in Gucci, arrives for the Lacma Art + Film Gala at the Los Angeles County Museum of Art in Los Angeles, California, on October 29, 2016. EPA
    Gwyneth Paltrow, in Gucci, arrives for the Lacma Art + Film Gala at the Los Angeles County Museum of Art in Los Angeles, California, on October 29, 2016. EPA
  • Gwyneth Paltrow, in Retrofete, attends the premiere of 'Avengers: Infinity War' at the El Capitan and TCL Chinese Theatres in Hollywood, Los Angeles, on April 23, 2018. EPA
    Gwyneth Paltrow, in Retrofete, attends the premiere of 'Avengers: Infinity War' at the El Capitan and TCL Chinese Theatres in Hollywood, Los Angeles, on April 23, 2018. EPA
  • Gwyneth Paltrow, in Emilia Wickstead, attends the Gwyneth Paltrow x Frederique Constant Ladies Automatic launch at the Design Museum on June 21, 2018 in London, England. Getty Images
    Gwyneth Paltrow, in Emilia Wickstead, attends the Gwyneth Paltrow x Frederique Constant Ladies Automatic launch at the Design Museum on June 21, 2018 in London, England. Getty Images
  • Gwyneth Paltrow, in G Label by Goo, attends the premiere of 'Avengers: Endgame' at the LA Convention Centre in Los Angeles, California, on April 22, 2019. EPA
    Gwyneth Paltrow, in G Label by Goo, attends the premiere of 'Avengers: Endgame' at the LA Convention Centre in Los Angeles, California, on April 22, 2019. EPA
  • Gwyneth Paltrow, in Valentino, attends the Valentino show as part of Paris Fashion Week on July 3, 2019 in Paris, France. Getty Images
    Gwyneth Paltrow, in Valentino, attends the Valentino show as part of Paris Fashion Week on July 3, 2019 in Paris, France. Getty Images
  • Gwyneth Paltrow, in Adam Lippes, attends the amFAR gala at Milk Studios in Los Angeles, California, on October 10, 2019. EPA
    Gwyneth Paltrow, in Adam Lippes, attends the amFAR gala at Milk Studios in Los Angeles, California, on October 10, 2019. EPA
  • Gwyneth Paltrow, in Fendi, arrives for the 77th annual Golden Globe Awards at the Beverly Hilton Hotel in Beverly Hills, California, on January 5, 2020. EPA
    Gwyneth Paltrow, in Fendi, arrives for the 77th annual Golden Globe Awards at the Beverly Hilton Hotel in Beverly Hills, California, on January 5, 2020. EPA
  • Gwyneth Paltrow, in Ralph & Russo, attends the Harper's Bazaar Exhibition as part of Paris Fashion Week at Musee des Arts Decoratifs on February 26, 2020 in Paris, France. Getty Images
    Gwyneth Paltrow, in Ralph & Russo, attends the Harper's Bazaar Exhibition as part of Paris Fashion Week at Musee des Arts Decoratifs on February 26, 2020 in Paris, France. Getty Images
UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Basquiat in Abu Dhabi

One of Basquiat’s paintings, the vibrant Cabra (1981–82), now hangs in Louvre Abu Dhabi temporarily, on loan from the Guggenheim Abu Dhabi. 

The latter museum is not open physically, but has assembled a collection and puts together a series of events called Talking Art, such as this discussion, moderated by writer Chaedria LaBouvier. 

It's something of a Basquiat season in Abu Dhabi at the moment. Last week, The Radiant Child, a documentary on Basquiat was shown at Manarat Al Saadiyat, and tonight (April 18) the Guggenheim Abu Dhabi is throwing the re-creation of a party tonight, of the legendary Canal Zone party thrown in 1979, which epitomised the collaborative scene of the time. It was at Canal Zone that Basquiat met prominent members of the art world and moved from unknown graffiti artist into someone in the spotlight.  

“We’ve invited local resident arists, we’ll have spray cans at the ready,” says curator Maisa Al Qassemi of the Guggenheim Abu Dhabi. 

Guggenheim Abu Dhabi's Canal Zone Remix is at Manarat Al Saadiyat, Thursday April 18, from 8pm. Free entry to all. Basquiat's Cabra is on view at Louvre Abu Dhabi until October

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

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What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Banthology: Stories from Unwanted Nations
Edited by Sarah Cleave, Comma Press

MATCH INFO

Osasuna 1 Real Madrid 4
Osasuna: García (14')
Real Madrid: Isco (33'), Ramos (38'), Vázquez (84'), Jovic (90' 2)

Persuasion
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Gulf Under 19s final

Dubai College A 50-12 Dubai College B

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

Hunger and Fury: The Crisis of Democracy in the Balkans
Jasmin Mujanović, Hurst Publishers

Uefa Champions League last 16 draw

Juventus v Tottenham Hotspur

Basel v Manchester City

Sevilla v  Manchester United

Porto v Liverpool

Real Madrid v Paris Saint-Germain

Shakhtar Donetsk v Roma

Chelsea v Barcelona

Bayern Munich v Besiktas

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Updated: March 20, 2023, 7:13 AM