Martin Gilbert: most assets still look “reasonable” value

Only government bonds seem too expensive, says Martin Gilbert, vice chairman of Standard Life Aberdeen.

(Image credit: Getty Images)

The biggest problem for many attendees at the World Economic Forum in Davos is where to put their money, Martin Gilbert, the outgoing vice chairman of fund manager Standard Life Aberdeen, tells CNBC. Slow growth and low interest rates mean that wealthy individuals are struggling to find attractive investments, just like the rest of us – but they have options that smaller investors lack.

High net-worth individuals and large funds are continuing to shift out of publicly listed investments and into private holdings in sectors such as real estate and various forms of infrastructure, from student housing to airports. Nonetheless, Gilbert says that valuations in most assets still look “reasonable” to him and only government bonds seem too expensive.

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