Fixed Income Asset Management Global Market Report 2024

The fixed income asset management market size has grown strongly in recent years. It will grow from $64.2 trillion in 2023 to $70.68 trillion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth observed during the historical period can be ascribed to fluctuations in interest rates, regulatory modifications, market liquidity, credit quality and default risks, as well as macroeconomic influences.

The fixed income asset management market size is expected to see strong growth in the next few years. It will grow to $104.95 trillion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the forecast period is expected to stem from trends in interest rates, movements in credit spreads, shifts in yield curve shapes, changes in inflation expectations, and regulatory adjustments. Key trends projected for the forecast period encompass increased demand for sustainable fixed income investments, heightened interest in alternative fixed income assets, accelerated adoption of technology enhancing data analytics and automation, heightened focus on liquidity management amidst market volatility, and the growing prominence of Environmental, Social, and Governance (ESG) factors in investment decision-making.

The anticipated rise in demand for income investments is set to propel the growth of the fixed-income asset management market in the coming years. Income investments, characterized by their focus on generating regular income rather than capital appreciation, are increasingly sought after by investors seeking stable returns and consistent cash flow amidst economic uncertainty. Within fixed-income asset management, these investments play a crucial role in constructing portfolios aimed at generating regular income streams through interest payments, dividends, and other distributions while preserving capital. Notably, data from the European Fund and Asset Management Association (EFAMA) indicates significant growth in the net assets of UCITS and AIFs in Q1 2021, driven by robust stock market gains and solid net sales. The collective increase in net assets reached EUR 19.6 trillion (USD 21.4 trillion), underscoring the pivotal role of increasing demand for income investments in driving the growth of the fixed-income asset management market.

Key players in the fixed-income asset management market are focused on developing innovative solutions to maintain a competitive edge. One such solution is the JPMorgan Active Bond ETF (JBND), introduced by J.P. Morgan Asset Management, a US-based financial services company, in October 2023. JBND is an actively managed fixed-income ETF traded on the NYSE Arca, designed to track the performance of a specific index or sector. Employing a bottom-up, value-oriented strategy, JBND primarily focuses on delivering value to investors through security selection. The fund emphasizes investments in a well-diversified portfolio of intermediate- and long-term debt securities, particularly securitized debt, with the goal of outperforming the Bloomberg US Aggregate Bond Index over a three- to five-year market cycle.

In April 2022, Goldman Sachs Group Inc., a US-based investment banking company, completed the acquisition of NN Investment Partners for $1.88 billion (€1.7 billion). This strategic acquisition strengthens Goldman Sachs' European client franchise, solidifies its leadership in insurance asset management, and reinforces its commitment to sustainability integration into its investment platform. NN Investment Partners, a Netherlands-based asset management company, offers fixed-income asset management services as part of its investment offering, aligning with Goldman Sachs' strategic objectives and expanding its market presence in Europe.

Major companies operating in the fixed income asset management market are JPMorgan Chase and Co., International Business Machines Corporation (IBM), Goldman Sachs Group Inc., Oracle Corporation, State Bank of India (SBI), ABB Ltd., Fidelity Investments, BlackRock Inc., Adobe Inc., Housing Development Finance Corporation Ltd., State Street Global Advisors, Franklin Resources Inc., Axis Bank Ltd., The Vanguard Group, T. Rowe Price Group Inc., Invesco Ltd., Synaptics Inc., Wellington Management Company LLP, Oppenheimer Holdings Inc., Pacific Investment Management Company LLC (PIMCO), IDFC Ltd., Evergreen Investments LLC.

North America was the largest region in the fixed income asset management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fixed income asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the fixed income asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Fixed-income asset management involves the expert oversight of investment portfolios focused on generating a consistent stream of income. These portfolios typically include various fixed-income securities such as government bonds, municipal bonds, corporate bonds, and asset-backed securities. The primary goal of fixed-income asset management is to optimize returns and manage risks associated with these investments, aiming to produce a steady income flow while safeguarding the invested capital.

Fixed income asset management primarily encompasses various asset classes including government bonds, corporate bonds, municipal bonds, mortgage-backed securities, asset-backed securities, high-yield bonds, and other similar instruments. Government bonds represent debt securities issued by a government to raise funds, commonly perceived as low-risk due to the full faith and credit of the issuing government. Investment strategies within fixed income management typically involve core fixed income, active fixed income, and passive fixed income approaches, catering to diverse end users such as institutional investors and retail investors.

The fixed income asset management market research report is one of a series of new reports that provides fixed income asset management market statistics, including fixed income asset management industry global market size, regional shares, competitors with a fixed income asset management market share, detailed fixed income asset management market segments, market trends and opportunities, and any further data you may need to thrive in the fixed income asset management industry. This fixed income asset management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fixed income asset management market includes revenues earned by entities by providing services such as portfolio management services, risk management services, credit analysis, performance reporting and analysis, and asset allocation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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