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Indicating a portfolios sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility

The proposal would outlaw smoking along Orange Countys five state beaches Bolsa Chica, Huntington, Crystal Cove, Dana Point and San Clemente and comes more than a decade after city beaches tackled the issue and extinguished smoking on the sand

Unlike strategic asset allocation, which focuses on long-term goals and maintains a fixed asset mix, TAA seeks to exploit market inefficiencies and capitalize on opportunities by frequently rebalancing the portfolio