This week Damian Fantato, deputy editor of Asset Allocator, sits in with Dave Baxter off sick. He and David Thorpe have a chat about cash levels in DFM portfolios and how that has changed recently.

They also discuss the fallout of the Silicon Valley Bank collapse, and how some of the most popular US equity funds among DFMs have large exposures to financial stocks.

The Asset Allocator Podcast is a fortnightly series aimed at discretionary fund managers, fund selectors and wealth managers, providing insight into the issues that drive investment decisions.