A small business

An increasing number of Baby Boomers will want to exit their businesses over the coming years.

There are already more than 63,000 people who are self-employed and aged over 65.

Many may be thinking about a succession plan and could be open to discussions about a staggered buy-in or leaving some equity in the business for the right buyer.

Healthcare

An ageing global population is likely to drive demand for healthcare and companies that are providing innovative healthcare solutions.

‘‘As the population lives longer, more money will be spent one way or another on health,’’ Kiernan said. ‘‘Private companies are going to have some role to play.’’

Education

Bascand said there was a global trend to spend more money on education, which may boost the value of some specialist providers.

He said that as couples had fewer children, the attention of grandparents was increasingly focussed on fewer kids, which could be lucrative for companies that catered for the younger generations.

But watch out

There’s a big caveat to keep in mind.

Kiernan said he was hesitant to make predictions about the performance of any asset classes over the next 10 or 15 years.

‘‘Experience tells me the market can turn out very different to what we expect.’’

The best solution is likely to be to put your money into diversified investments that fit your risk profile, and not worry too much about how reliable your crystal ball might be.