Investment Instruments

Instead of competing for assets in the $1 trillion-plus target-date fund market, asset managers might do better focusing on the quality of standalone investments, a Cerulli report says.

None other than Vanguard founder Jack Bogle is raising the prospect that too much money is in too few hands, with BlackRock, Vanguard and State Street Corp. together owning significant stakes in the biggest U.S. companies.

With as much as $30 trillion in wealth estimated to transfer from baby boomers to millennials over the next few decades, traditional broker-dealers such as Morgan Stanley want to engage with the next generation.

If CVS and Aetna complete the deal they've announced, the combined company would have 9,700 CVS Pharmacy stores, 1,100 MinuteClinic walk-in clinics, and about 4,000 CVS Health clinic and home care nurses.

Some big financial players are moving to co-opt bitcoin and lure more mainstream investors into the market, even before regulators have agreed on just what the volatile cryptocurrency is.

The U.S. government should use its heft to negotiate lower prescription drug prices, according to a group of independent experts who advise the nation on science and medicine.