Fixed Income Asset Management Market Report 2026

The fixed income asset management market size has grown rapidly in recent years. It will grow from $77.99 trillion in 2025 to $86.04 trillion in 2026 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to prolonged low interest rate environment, rising institutional demand for income-generating assets, expansion of sovereign and corporate bond issuances, increased focus on capital preservation, development of diversified fixed income instruments.

The fixed income asset management market size is expected to see strong growth in the next few years. It will grow to $122.76 trillion in 2030 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to normalization of interest rates, rising inflation-linked bond demand, increasing adoption of advanced portfolio analytics, expansion of sustainable debt instruments, growing retail participation in bond markets. Major trends in the forecast period include increasing adoption of active bond management strategies, rising demand for esg-aligned fixed income portfolios, growing use of data-driven credit risk assessment, expansion of passive fixed income products, enhanced focus on duration and yield curve management.

The growing demand for income investments is expected to drive the expansion of the fixed-income asset management market in the coming years. Income investments are financial assets or securities primarily purchased to generate steady income rather than for capital appreciation. Investors are increasingly attracted to income investments due to their preference for stable returns and regular cash flow, especially in uncertain economic conditions. These investments are commonly used in fixed-income asset management to create portfolios that focus on generating regular income streams through interest payments, dividends, and other distributions, all while aiming to preserve capital. For example, in June 2024, the European Fund and Asset Management Association (EFAMA), a trade body based in Belgium, reported that by the end of 2023, the net assets of undertakings for the collective investment in transferable securities (UCITS) had reached EUR 20.7 trillion ($22 trillion), an increase of 10% from EUR 19 trillion ($20 trillion) in 2022. During the same period, alternative investment funds (AIF) grew by 7%. As a result, the rising demand for income investments is fueling 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 December 2025, Horizon Investments LLC, a US-based provider of investment and technology solutions, acquired Anfield Capital Management for an undisclosed amount, with the objective of strengthening its fixed-income and outsourced chief investment officer (OCIO) capabilities, expanding its product portfolio to include ETFs and mutual funds, and establishing a bicoastal presence to better serve financial advisors and institutional clients, while Anfield Capital Management is a US-based asset management firm specializing in fixed-income investing, OCIO solutions, and a broad range of funds and institutional advisory services.

Major companies operating in the fixed income asset management market are BlackRock Inc, Fidelity Investments, The Vanguard Group, State Street Global Advisors, Pacific Investment Management Company LLC, Franklin Resources Inc, T Rowe Price Group Inc, Invesco Ltd, Wellington Management Company LLP, JPMorgan Chase and Co, Goldman Sachs Group Inc, Morgan Stanley Investment Management, Allianz Global Investors, Amundi Asset Management, Legal and General Investment Management, Schroders plc, AXA Investment Managers, UBS Asset Management, Northern Trust Asset Management, Capital Group, PGIM, Aberdeen Investments.

North America was the largest region in the fixed income asset management market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fixed income asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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