John Davi, CEO and CIO at Astoria Portfolio Advisors, said that the firm has concentrated its inflation bets and is then hedging that with defensive strategies like dividends, min vol, utilities, and healthcare.
Davi said that what he thinks advisors should be doing from a portfolio construction standpoint is shying away from growth while continuing to buy value, banks, and energy, as well as increasingly using utilities, healthcare, and other defensive equities to hedge the beta in a portfolio.