Perspectives: Episode 72 – SVB

<p><span style= "font-size: 12pt; font-family: arial, helvetica, sans-serif; color: rgb(0, 0, 0);"> In this episode, Escala Partners CIO, Tracey McNaughton, shares her views on the collapse in Silicon Valley Bank, its causes and what it means for financial markets, monetary policy and investors and why Australian equities are a more attractive option relative to international equities.</span></p> <p> </p> <p><span style= "font-size: 12pt; font-family: arial, helvetica, sans-serif; color: rgb(0, 0, 0);"> (1:02) - L<span lang="EN-GB" style="line-height: 107%;" xml:lang= "EN-GB">et's jump straight into the topic of the past 5 days and that is the collapse in Silicon Valley Bank or SVB. We had an all teams meeting this morning where you reminded us that this didn’t come out of nowhere.</span></span></p> <p><span style= "font-size: 12pt; color: rgb(0, 0, 0); font-family: arial, helvetica, sans-serif;"> (2:34) - <!-- [if !supportLists]-->A lot has been spoken about already with regard to SVB but at a high level, what was the trigger that bought us to this point?</span></p> <p><span style= "font-size: 12pt; color: rgb(0, 0, 0); font-family: arial, helvetica, sans-serif;"> <span lang="EN-GB" style="line-height: 107%;" xml:lang= "EN-GB">(4:15) -</span> <!-- [if !supportLists]-->There is a lot of concern in the market that what happened with SVB could happen with other banks. What is your view on the potential for contagion that would affect other companies?</span></p> <p><span style= "font-size: 12pt; line-height: 107%; font-family: arial, helvetica, sans-serif; color: rgb(0, 0, 0);"> (9:29) - So what are some of the market implications that come out of this?</span></p> <p><span style= "font-size: 12pt; line-height: 107%; font-family: arial, helvetica, sans-serif; color: rgb(0, 0, 0);"> (13:23) - What are the implications for Australia?</span></p> <p> </p>