Wealth management firms look to hard assets for next price boom

As equity markets hit all-time highs again, investors haven’t forgotten the 2008 market meltdown that resulted in a 40 percent loss.

And now they are prodding money mangers to help protect them against another one.

To accommodate the well-heeled investors’ cautiousness, money managers and advisers are diversifying assets away from the bubble-prone stock market and into alternative assets like real estate, commodities and sometimes mutual funds that can short the stock market.

It is a trend that many asset managers see continuing over the next few years, several market-research firms say.

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