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United States Fixed Income Assets Management Industry Market Size (2024 - 2029)

The US fixed income asset management industry has experienced significant changes in its market size, particularly influenced by the Federal Reserve's shift to easing policies and the resulting impact on government bond yields and credit spreads. The demand for US assets from overseas has remained strong, contributing to the industry's growth. However, the landscape in 2020 presents a more complex scenario, with government bond yields significantly lower than in previous years and credit spreads nearing multi-year lows. The global increase in negative-yielding debt has further complicated the relationship between valuations and fundamentals, affecting the overall market dynamics.

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Market Size of United States Fixed Income Assets Management Industry

US Fixed income Assets Management Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR (2024 - 2029) 1.50 %
Market Concentration Medium

Major Players

US Fixed income Assets Management Market Key Players

*Disclaimer: Major Players sorted in no particular order

US Fixed Income Asset Management Market Analysis

The United States Fixed Income Assets Management Industry is expected to register a CAGR of 1.5% during the forecast period.

2019 was the year where everything went right for fixed income in the United States. The Federal Reserve (Fed) reverted to easing mode, government bond yields collapsed, credit spreads narrowed and overseas demand for US assets was insatiable. For 2020, it is a little more nuanced. Government bond yields are almost half what they were in late 2018. Credit spreads - across both high yield and investment-grade - are approaching multi-year lows.

The increased global stock of negative-yielding debt, which peaked at $17 trillion in 2019, has driven the disconnect between valuations and fundamentals.

US Fixed Income Asset Management Industry Segmentation

An understanding of the United States Fixed income Assets Management industry, regulatory environment, asset managers and their business models, along with detailed market segmentation, product types, current market trends, changes in market dynamics, and growth opportunities. In-depth analysis of the market size and forecast for the various segments.

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United States Fixed Income Assets Management Industry Size Summary

The US fixed income asset management industry has experienced significant developments, particularly in the context of monetary policy and global economic conditions. The Federal Reserve's shift to an easing stance and the subsequent decline in government bond yields have been pivotal in shaping the market landscape. The narrowing of credit spreads and the robust overseas demand for US assets have further influenced market dynamics. Despite these favorable conditions, the industry faces challenges, such as the increasing global stock of negative-yielding debt, which has created a disparity between asset valuations and underlying fundamentals. The concept of index investing in fixed income is still evolving in the United States, with a substantial portion of fixed income assets managed outside traditional asset management firms, including individual investors, insurance companies, and official institutions.

The US Treasury market serves as a critical benchmark within the fixed income sector, supported by the U.S. government's creditworthiness, which ensures a low default risk. This has fostered a highly liquid secondary market characterized by significant trading activity and narrow bid-ask spreads. The report highlights the role of major asset management companies in the US, such as The Vanguard Group, PIMCO, and Franklin Templeton Distributors Inc., among others. These firms are profiled in terms of their product offerings, regulatory environment, and financial performance, reflecting their influence and operational strategies within the market. The fixed income market, with its diverse investment categories, continues to be a vital component of the broader financial landscape in the United States.

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United States Fixed Income Assets Management Industry Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Insights on ESG Investing And Green Bonds

    3. 1.3 Technology Role in Client Relationship Management and In Way of Doing Business

    4. 1.4 Industry Policies And Government Regulations

    5. 1.5 Market Drivers

    6. 1.6 Market Restraints

    7. 1.7 Porters 5 Force Analysis

      1. 1.7.1 Threat of New Entrants

      2. 1.7.2 Bargaining Power of Buyers/Consumers

      3. 1.7.3 Bargaining Power of Suppliers

      4. 1.7.4 Threat of Substitute Products

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Client Type

      1. 2.1.1 Retail

      2. 2.1.2 Pension Funds

      3. 2.1.3 Insurance Companies

      4. 2.1.4 Banks

      5. 2.1.5 Other Client Types

    2. 2.2 By Asset Class

      1. 2.2.1 Bonds

      2. 2.2.2 Money Market Instruments (includes Mutual Funds)

      3. 2.2.3 ETF

      4. 2.2.4 Other Asset Class

United States Fixed Income Assets Management Industry Market Size FAQs

The United States Fixed Income Assets Management Market is projected to register a CAGR of 1.5% during the forecast period (2024-2029)

The Vanguard Group, PIMCO, Franklin Templeton Distributors Inc., Putnam Investments LLC and Oppenheimer Funds Inc. are the major companies operating in the United States Fixed Income Assets Management Market.

US Fixed Income Asset Management Market Report Snapshots

US Fixed Income Asset Management Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)