Re-using the same asset with 'live link'

I have a project with the same asset (a line of text) that I re-use in 20 groups. It's the same text. I am tired of duplicating the text group for each new group that it's going in. Is there a better way where I can use the same asset and retain a 'link' to the initial asset and then if I change something ( e.g. text treatment) there, it will update all of the 20 groups it's used in? Thanks.

Clones will do what you ask. Clone the text as often as you need, and if you need to change the text, or the color it'll update all the clones.
Andy

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