Mutual fund companies are increasingly looking around the world for areas to growth through mergers and acquisitions, The Wall Street Journal reports.

Of the 42 M&A deals in the first quarter, half were cross-border deals, according to Putnam Lovell NBF Securities. Half were by foreign firms acquiring U.S. companies, and half were the other way around.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.