Aetna (AET-NYSE, $131.61). Secular Expansion Opportunities “Post-ObamaCare”

Aetna is being added to the global large cap model portfolio. The failed Humana merger will result in a one-time writedown of the M&A expenses. However, AET lined up over $12 billion of low cost funding, via a bond issue. This capital can be put to use expanding across state lines in the new health-care environment.