Canaccord upgrades recommendation to 'buy'
Average OCF discount of 44%
New structure effective March 2018
Reveals details of new pricing structure
Closures fell from 259 in Q1 to 222
Expense ratio of 0.30% or below saw most flows
Ahead of MiFID II implementation
Effective from 1 November
Management fee down from 0.7% to 0.35%