Power Corp.’s reported acquisition of Putnam Investments is likely to be the first of many additional U.S. purchases, an analyst told Canadian Business.

“This will give them a starting point, but there will likely be further acquisitions in the U.S. because they want to be a big player in that market,” a Toronto analyst said on the condition that his name be withheld.

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.