Manchester United's interim manager Ralf Rangnick was at a loss to explain Marcus Rashford's ongoing struggles for form after another ineffective performance in the FA Cup win over Aston Villa on Monday night.
United progressed to the fourth round following a 1-0 win at Old Trafford, courtesy of Scott McTominay's eighth-minute goal, although it was another unconvincing display by the hosts.
Among the United players to struggle was Rashford, whose second-half substitution was met by sarcastic cheers from some supporters, while other fans countered by serenading the England forward.
Rashford, 24, has only scored three goals since returning from a shoulder injury in October and managed just 10 goals in the last calendar year. He had been dropped for the Premier League matches against Burnley and Wolves, but returned to the side to face Villa after impressing on the training ground.
"Actually I don't know," said Rangnick when asked if he could explain Rashford's dip in form. "I think he's trying hard. In training he was doing well in the last couple of days, that's why he was quite rightly in the starting XI.
"I think in the first half we found him quite often, but we also tried to get him into the box. In the second half that was not that often the case and that's why at the end of the game I decided to make two changes with Anthony Elanga and Jesse Lingard.
"It was very important to progress into the next round. Yes [confidence is important] especially for strikers - it's important that they score goals on and off, that there are moments of success.
"Of course it would be good, for example, for Marcus if he could score a goal but as long as he's trying, as long as he's training well I don't see that much of a problem."
While United were not entirely convincing, Rangnick said there were many positives to take away from the game as the same two sides prepare for an immediate rematch in the Premier League on Saturday.
Man United v Aston Villa player ratings
"We knew from the beginning that it will be a challenging game for us against a very flexible Villa side with their rotations that they're doing during the game all the time between their full-backs and their [number] eights," the German said.
"I think we saw quite a few pros today. I think we were better, we had a better structure. We also had good energy in the team, we moved the ball, in the first half especially, good within our team, with quite a few good diagonal balls.
"That was exactly what we intended to do against their rather central team and that was exactly the way how we created our first goal.
"But we're still struggling in the centre of the pitch. That's why Villa also had their moments where they could have scored."
KINGDOM%20OF%20THE%20PLANET%20OF%20THE%20APES
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Wes%20Ball%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Owen%20Teague%2C%20Freya%20Allen%2C%20Kevin%20Durand%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Leap of Faith
Michael J Mazarr
Public Affairs
Dh67
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.”
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