Trains are seen as Covid hotspots but the WorldPop study belies this assumption. AFP
Trains are seen as Covid hotspots but the WorldPop study belies this assumption. AFP
Trains are seen as Covid hotspots but the WorldPop study belies this assumption. AFP
Trains are seen as Covid hotspots but the WorldPop study belies this assumption. AFP

Coronavirus study finds train travel safer than first thought


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The chances of passengers catching Covid-19 on a train are not as high as people seem to think, according to a new study by British and Chinese scientists.

Researchers stopped short of completely debunking widely held beliefs, however, saying that rail travellers are still at increased risk of infection.

How the study was carried out

The study was drawn from high-speed routes in China in the first three months of 2020, when the virus was spreading rapidly.

Using sophisticated modelling it analysed the interactions of the 2,000+ "index patients" (Covid-infected people) who had used the network during this period.

The modellers explored the risks to travellers who sat in seats or rows formerly occupied by index patients.

The metric used to assess risk was called the "attack rate": the number of passengers in a given seat diagnosed with Covid-19, divided by the total number of passengers travelling in the same seat.

The results

Passengers travelling in seats directly adjacent to an index patient suffered the highest level of transmission with an average of 3.5 per cent contracting the disease. For those sitting on the same row, the figure was 1.5 per cent.

Somewhat counter-intuitively, researchers found that only 0.075 per cent of people who used a seat previously occupied by an index patient went on to contract the disease.

The below graphic, produced by modellers at the University of Southampton, shows the attack rate of Covid-19 per different seats and co-travel time on one of the trains studied.

Chart showing 'attack rate' of coronavirus on a train used in the study
Chart showing 'attack rate' of coronavirus on a train used in the study

What the researchers said

Study lead Dr Shengjje Lai said the findings pointed to the importance of reducing passenger density on trains and promoting good personal hygiene measures, such as the use of face masks. He also suggested that compulsory temperature checks before boarding might be a helpful measure.

Professor Andy Tatem, director of research firm WorldPop, added: "[The study] shows that the transmission risk not only relates to the distance from an infected person but also the time in their presence.

"We hope it can help to inform authorities globally about measures needed to guard against the virus and, in turn, help to reduce its spread."

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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.

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“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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