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Morgan Stanley, BlackRock funds among those exposed to regional bank failures

Morgan Stanley, Fidelity, and BlackRock among those exposed to collapse of Silicon Valley Bank and Signature Bank, as regional banks plunge on contagion fears.

  • Morgan Stanley, Fidelity and BlackRock funds exposed to collapse of Silicon Valley Bank and Signature Bank.
  • Mutual fund investors benefit from portfolio diversification, but further selloffs could increase pressure.
  • Shares of regional banks plunged on contagion fears.
  • KBW Regional Banking Index down 15.1% for the year, trailing the S&P 500.
  • Investors put $500m into financial stocks last week, the third-largest inflow among all US sectors.
Morgan Stanley, BlackRock funds among those exposed to regional bank failures
Mutual funds managed by Morgan Stanley , Fidelity, and BlackRock appear to be among the most exposed to the collapse of Silicon Valley Bank and Signature Bank, Morningstar data showed, as a market selloff has erased more than $100 billion of U.S. banks' value.

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