Fixed Income Assets Management Industry Market Research Report By Asset Class (Government Bonds, Corporate Bonds, Mortgage-Backed Securities, Money Market Instruments), By Investment Style (Active Management, Passive Management, Enhanced Indexing), By Investment Strategy (Return-Seeking, Risk-Averse, Income-Generating), By Management Type (Discretionary, Quantitative, Rule-Based) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Fixed Income Assets Management Industry Market Overview

Fixed Income Assets Management Industry Market Size was estimated at 18642.1 (USD Billion) in 2023. The Fixed Income Assets Management Industry Market Industry is expected to grow from 19514.55 (USD Billion) in 2024 to 48663.51 (USD Billion) by 2032. The Fixed Income Assets Management Industry Market CAGR (growth rate) is expected to be around 12.10% during the forecast period (2024 - 2032).

Key Fixed Income Assets Management Industry Market Trends Highlighted

The fixed income assets management industry is witnessing a transformative shift driven by several key market trends. Firstly, there is a growing demand for active fixed income strategies as investors seek enhanced returns and diversification in a low-interest rate environment. The rise of environmental, social, and governance (ESG) investing is also shaping the industry, with investors increasingly seeking alignment between their portfolios and their values. Furthermore, the increasing complexity and volatility of global markets are driving demand for specialized fixed income managers with expertise in navigating challenging market conditions. Technological advancements, such as machine learning and artificial intelligence, are also transforming the industry, enabling managers to automate processes and enhance investment decisions. Lastly, the globalization of the fixed income market has created cross-border opportunities and challenges for managers seeking to expand their reach and diversify their portfolios.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Fixed Income Assets Management Industry Market Drivers

Growing Institutional Demand for Fixed Income Assets

Pension funds, insurance companies, and asset managers are examples of institutional investors who are allocating their portfolios to fixed income assets, and this is increasing. The factors that are driving the increase include the need for a search of yield, the low interest rate environment, the matching of long-term liabilities with fixed income assets and the desire to reduce risk. The demand from these types of investors will continue to boost the growth of the Fixed Income Assets Management Industry Market.

Expansion of Fixed Income Products and Strategies

Fixed income products and strategies also drive the Fixed Income Assets Management Industry Market. The expansion is the result of newly developed fixed income products and strategies; however, the growth will be generated by a series of other types of strategies. Some of the newly created fixed income products include active and passive strategies, investment styles like core fixed income, high yield as well as emerging market debt. Such expansion of fixed income products and strategies adds flexibility and choice for investors.Moreover, these changes will continue to drive the growth of the market.

Technological Advancements and Data Analytics

Technological advancements and data analytics are also playing a key role in the growth of the Fixed Income Assets Management Industry Market. Asset managers are using data analytics to improve their investment processes, including risk management, portfolio construction, and performance measurement. Technological advancements are also making it easier for investors to access and trade fixed income assets. These factors are expected to continue to drive growth in the market.

Fixed Income Assets Management Industry Market Segment Insights

Fixed Income Assets Management Industry Market Asset Class Insights

The Fixed Income Assets Management Industry Market is segmented by asset class into government bonds, corporate bonds, mortgage-backed securities, and money market instruments. Government bonds held the largest market share in 2023, amounting to nearly 50% of the fixed income assets under management. The corporate bonds followed with a market share of circa 30%, while the rest of the market was split into mortgage-backed securities and money market instruments. The growth of the government bonds segment is due to the increasing demand to secure assets from the backdrop of global economic uncertainty.Investors seek protection of their assets in government bonds during unstable periods of activity. The corporate bonds offer a potentially higher yield than government bonds, but they are riskier. The demand for this segment is predicted to be supported by the rising appeal to yield by institutional investors. Otherwise, the mortgage-backed securities segment is an important part of the industry. These securities permit investments in the housing market based on the pools of mortgages without the need for investment in individual mortgages. The emerging market is predicted to boost demand for mortgage-backed securities due to its growing housing financed needs. Otherwise, money market instruments are predicted to surge due to the rising needs of institutional investors in short-term investments.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Fixed Income Assets Management Industry Market Investment Style Insights

The Fixed Income Assets Management Industry Market is segmented by investment style into active management, passive management, and enhanced indexing. Active management involves a portfolio manager making decisions about which investments to buy and sell, while passive management involves tracking a benchmark index. Enhanced indexing is a hybrid approach that combines elements of both active and passive management. In 2023, active management accounted for the largest share of the Fixed Income Assets Management Industry Market, with a market share of around 60%. Passive management is expected to grow at a faster rate than active management due to its lower costs and greater transparency. Enhanced indexing is also expected to grow at a healthy rate, as it offers investors the potential to outperform the benchmark index with a lower risk profile than active management. The growth of the Fixed Income Assets Management Industry Market is being driven by a number of factors, such as the increasing demand for fixed income investments, the rising popularity of passive management, and the growing awareness of enhanced indexing. The market is also expected to benefit from the increasing use of technology in the investment management industry. Overall, the Fixed Income Assets Management Industry Market is expected to grow at a CAGR of around 5% over the next five years. This growth will be driven by the increasing demand for fixed income investments, the rising popularity of passive management, and the growing awareness of enhanced indexing.

Fixed Income Assets Management Industry Market Investment Strategy Insights

The Fixed Income Assets Management Industry Market segmentation by Investment Strategy can be categorized into Return-Seeking, Risk-Averse, and Income-Generating. Return-seeking strategies aim to maximize returns through active portfolio management and typically invest in higher-risk, higher-return assets. Risk-averse strategies prioritize capital preservation and invest in low-risk, low-return assets. Income-generating strategies focus on providing steady income streams through investments in fixed-income securities. In 2023, the Return-Seeking segment held the largest market share due to increasing risk appetite among investors. The Risk-Averse segment is expected to witness significant growth over the forecast period as investors seek to mitigate market volatility. The Income-Generating segment is projected to maintain a stable market share, driven by the demand for reliable income sources.

Fixed Income Assets Management Industry Market Management Type Insights

The Fixed Income Assets Management Industry Market is segmented by Management Type into Discretionary, Quantitative, and Rule-Based. Discretionary management involves human decision-making in investment selection and portfolio management, while Quantitative management relies on mathematical models and algorithms to make investment decisions. Rule-Based management follows a predetermined set of rules to manage portfolios. In 2023, the Discretionary segment held the largest share of the Fixed Income Assets Management Industry Market, accounting for approximately 55% of the total market revenue. Quantitative and Rule-Based management segments are expected to witness significant growth in the coming years due to advancements in technology and increasing adoption of data-driven investment approaches. By 2027, the Fixed Income Assets Management Industry Market is projected to reach a value of USD 16.24 billion, exhibiting a CAGR of 3.2% during the forecast period (2023-2027). The growth of the market is attributed to factors such as rising demand for fixed income assets, increasing institutional investments, and technological advancements in portfolio management

Fixed Income Assets Management Industry Market Regional Insights

The Fixed Income Assets Management Industry Market is segmented into North America, Europe, APAC, South America, and MEA. North America holds the largest market share due to the presence of established financial institutions and high investment in fixed income products. Europe is the second-largest market, followed by APAC. The APAC region is expected to witness significant growth in the coming years due to the increasing demand for fixed income products from institutional investors. South America and MEA have relatively smaller market shares but are expected to grow at a steady pace. The growth in these regions is attributed to the increasing awareness of fixed income products and the development of local capital markets.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Fixed Income Assets Management Industry Market Key Players And Competitive Insights

Major players in the Fixed Income Assets Management Industry Market are constantly striving to gain a competitive edge in the market. They are investing heavily in research and development to create innovative products and services that meet the evolving needs of investors. Leading Fixed Income Assets Management Industry Market players are also expanding their global presence through acquisitions and partnerships. The Fixed Income Assets Management Industry Market industry is highly competitive, with a number of large, well-established players. The competitive landscape is constantly evolving, with new entrants and mergers and acquisitions. One of the leading players in the Fixed Income Assets Management Industry Market is BlackRock. The company has a long history of providing investment management services and has a strong reputation for delivering strong investment returns. BlackRock offers a wide range of fixed income products and services, including mutual funds, ETFs, and separately managed accounts. The company has a global presence and manages assets for clients in over 100 countries.Another leading player in the Fixed Income Assets Management Industry Market is PIMCO. The company is known for its expertise in fixed income investing and has a strong track record of delivering consistent returns. PIMCO offers a range of fixed income products and services, including mutual funds, ETFs, and closed-end funds. The company has a global presence and manages assets for clients in over 150 countries.

Key Companies in the Fixed Income Assets Management Industry Market Include

• Schroders


• Franklin Templeton


• Fidelity International


• Allianz Global Investors


• Pacific Investment Management Company


• Invesco


• Vanguard


• State Street Global Advisors


• Deutsche Asset Management


• Natixis Investment Managers


• Amundi Asset Management


• BlackRock


• PIMCO


• Legal General Investment Management


• JPMorgan Chase Asset Management

Fixed Income Assets Management Industry Developments

The Fixed Income Assets Management Industry Market is poised to grow significantly over the next decade. In 2023, the market was valued at approximately USD 11.39 billion, and it is expected to reach USD 14.6 billion by 2032, exhibiting a CAGR of 2.8% during the forecast period. This growth can be attributed to the increasing demand for fixed income investments, the growing number of high net worth individuals, and the rising popularity of exchange-traded funds (ETFs). Recent news and developments in the industry include the launch of new fixed income products, such as actively managed ETFs and target-date funds, and the expansion of existing products into new markets. Additionally, the increasing use of technology in the industry, such as artificial intelligence and machine learning, is expected to further drive growth in the coming years.

Fixed Income Assets Management Industry Market Segmentation Insights

Fixed Income Assets Management Industry Market Asset Class Outlook

• Government Bonds


• Corporate Bonds


• Mortgage-Backed Securities


• Money Market Instruments

Fixed Income Assets Management Industry Market Investment Style Outlook

• Active Management


• Passive Management


• Enhanced Indexing

Fixed Income Assets Management Industry Market Investment Strategy Outlook

• Return-Seeking


• Risk-Averse


• Income-Generatin

Fixed Income Assets Management Industry Market Management Type Outlook

• Discretionary


• Quantitative


• Rule-Based

Fixed Income Assets Management Industry Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa