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While there were many concerns heading into 2020, the emergence of COVID-19 is perhaps proving to be the most significant Black Swan event facing investors since the collapse of Lehman Brothers in 2008. As the virus continues to spread globally, fear and uncertainty has gripped global markets, resulting in dramatic and often unprecedented volatility. Here, investment teams from across Franklin Templeton continue to provide their perspective on the crisis, how much of the volatility is merited versus how much may be panic induced, and insights on navigating the storm going forward.

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