Frances Sweetman: Milford Asset Management Portfolio Manager on concerns surrounding the collapse of Silicon Valley Bank - Heather du Plessis-Allan Drive

The collapse of Silicon Valley Bank has sparked concerns about the banking sector.

The US Federal Reserve has stepped in to ensure depositors are protected from losing their assets, but people still have long-term fears about the banks.

Milford Asset Management Portfolio Manager Frances Sweetman says this collapse was likely a one-off issue with this specific bank.

Frances Sweetman says a combination of concentration on tech, poor management and unhedged investments contributed to the collapse.

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