Money manager John Davi is positioning for challenges tied to President-elect Donald Trump's tariff agenda.
Davi said he worries the new administration's policies could be "very inflationary," so he thinks it is important to choose investments carefully.
"Small-cap industrials make more sense than large-cap industrials," the Astoria Portfolio Advisors CEO told CNBC's "ETF Edge" this week.
Davi, whose firm has $1.9 billion in assets under management, also likes staying domestic despite the tariff risks.
But Davi plans to stay away from fixed income due to challenges tied to the growing budget deficit.
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