13 November 2025
Alvia Portfolio Manager, Chris Scarpato, joins ausbiz as markets cruise near all time highs. With equity valuations stretched and sentiment looking complacent, his message is timely: it’s time to get defensive.
In the interview, Chris unpacked why core infrastructure is stepping into a larger role within Alvia’s portfolios. With valuations in US tech pushing well beyond historical norms, the risk-reward balance has shifted. The focus now is on protecting capital, prioritizing steady cash flows and businesses with genuine, durable moats.
Chris highlighted two positions that capture this defensive tilt:
These holdings illustrate what we look for when markets turn uncertain: inflation-linked cash flows, hard-to-replace assets and business models built to withstand volatility.
To hear Chris’s full discussion and insights, click on the link below.