Spread your wings
With shares, bonds and property looking expensive, and cash rates abysmal, some investors are looking outside the usual box. More than a quarter of financial planners attending a Morningstar conference said they are placing their clients’ money in alternative investments over the next 12 months.
“Alternative” is a term for a mixed bag of investments that don’t fit the main asset classes. They include infrastructure, hedge funds, private equities, gold, currencies and collectables such as stamps, art, fine wine, classic cars and rare books.
“Alternative investments are anything that isn’t one of the big four: equities, bonds, property and cash,” says financial planner Jonathan Hoyle, from boutique wealth management firm Stanford Brown.
“Three of the big four are overvalued and expensive on a
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