The average time to maturity of securities held by a mutual fund. Changes in interest rates have greater impact on funds with longer average maturity. Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosa.htm
The average time to maturity of securities held by a mutual fund. Changes in interest rates have greater impact on funds with longer average life. Found on http://www.encyclo.co.uk/local/20047