Stock price when the opinion was issued
For a long-term investment, iShares Core S&P US Total Market (XUU-T) or iShares S&P 500 Index (XUS-T)? This has largely been a large cap recovery. He also likes the mid-caps. As the US recovery continues, that benefit is going to spread to the smaller caps. Right now he likes the US version. Just coming out of their recovery, he would be more going into the large caps as he has done in the past. However, he is fine with these.
Investor's research is bang on. Note that the number's quite large, over $10M in the estate before the law kicks in. This name is great, with an MER of 7 bps.