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Is there benefit to creating smart list for a smart campaign as a local asset, vs putting the criteria straight into the Smart List section of the smart campaign?

Question asked by 29129 on Mar 28, 2013
Latest reply on Mar 29, 2013 by Jep Castelein
Are there benefits to defining the smart list for a campaign with one of these methods over the other?

1) Creating a Smart List as a local asset and defining your criteria there. Then, setting the smart list of the smart campaign to be "Member of Smart List ___" or "Added to Smart List ____'" or something similar.
2) Defining your criteria straight in the Smart List section of your smart campaign.