Consider the two basic types of agency agreements 1) the passively managed funds, performance of which mirrors or closely tracks that of a specific benchmark, and 2) the actively managed or specialist funds, which are not linked to a specific benchmark. There are positives to this dichotomy. Actively managed funds have the advantage of potentially higher yields while passive funds provide lower costs.
These upgrades follow a 1/7  BIS central bankers' speeches  prolonged period of depressingly regular serial downgrades in the IMF’s outlook as the post-crisis recovery dragged on longer than many commentators and forecasters had anticipated. Stronger foreign growth has in turn supported U.S. growth, with exports in 2017 growing at the fastest pace in four years.