The causes and fallout of the Silicon Valley Bank collapse have been in the news for the past few days. To learn more and provide answers to your clients who are concerned about the effects the situation could have on their investments, read this article.
iA Investment Management (iAIM) and our subsidiary iA Clarington put together two reports (approved for distribution to clients) containing an analysis of the current situation and comments from our iAIM portfolio managers on what the collapse means for the iA Financial Group funds.
Some key takeaways:
- Our funds have very little, or in most cases, no exposure to U.S. regional banks
- Exposure to banks and financials across the funds is focused on larger, high-quality institutions
- The impact of the current concerns around the U.S. banking sector is minimal for the funds
Stay tuned for more information on the subject in our next In your interest podcast on ia.ca, as well as Sebastien Mc Mahon's weekly economic video.
We hope these sources of information will help you with your client conversations.
