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United States Fixed income Assets Management Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 130 Pages
  • January 2022
  • Region: United States
  • Mordor Intelligence
  • ID: 5529754

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.

Key Market Trends

Distribution of US Fixed Income Assets - By Investment Style

The concept of index investing in fixed income is not as well established as in equities in United States. Most US fixed income assets (74%) are not managed by asset managers including those held by individuals, insurance companies, official institutions, etc. The remainder is managed in the sense that active managers, index managers, hedge funds, and others manage these assets with the objective of either tracking or outperforming an index. The below infographic showcases approximately $40 trillion US fixed income market broken down by investment category.

United States Treasury Securities Performance Insights

A number of features contribute to the U.S. Treasury market’s role as a benchmark. Treasuries are backed by the full faith and credit of the U.S. government and are therefore considered to be free of default risk. The creditworthiness and supply of Treasury securities have resulted in a highly liquid round-the-clock secondary market with high levels of trading activity and narrow bid-ask spreads. An infographic presenting the market yield on 10-year Treasury securities over the years is presented below.

Competitive Landscape

The report includes an overview of asset managers operating across the United States. We wish to present detailed profiling of a few major companies which cover their product offerings, regulations governing them, their headquarters and financial performance. Currently, some of the major players dominating the market are listed below.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Insights on ESG Investing And Green Bonds
4.3 Technology Role in Client Relationship Management and In Way of Doing Business
4.4 Industry Policies And Government Regulations
4.5 Market Drivers
4.6 Market Restraints
4.7 Value Chain / Supply Chain Analysis
4.8 Porters 5 Force Analysis
4.8.1 Threat of New Entrants
4.8.2 Bargaining Power of Buyers/Consumers
4.8.3 Bargaining Power of Suppliers
4.8.4 Threat of Substitute Products
4.8.5 Intensity of Competitive Rivalry
4.9 Impact of COVID-19 on the Market
5.1 By Source of Funds
5.1.1 Pension Funds and Insurance Companies
5.1.2 Retail Investors
5.1.3 Institutional Investors
5.1.4 Government/Sovereign Wealth Fund
5.1.5 Others
5.2 Type of Asset Management Firms
5.2.1 Large financial institutions/Bulge bracket banks
5.2.2 Mutual Funds ETFs
5.2.3 Private Equity and Venture Capital
5.2.4 Fixed Income Funds
5.2.5 Managed Pension Funds
5.2.6 Others
6.1 Market Competition Overview (Market Concentration And M&A Deals)
6.2 Company Profiles
6.2.1 The Vanguard Group
6.2.2 Pimco Funds
6.2.3 Franklin Distributors Inc
6.2.4 Fidelity Distributors Corp.
6.2.5 American Funds Investment Co.
6.2.6 Putnam Investments LLC
6.2.7 Oppenheimer Funds Inc
6.2.8 Scudder Investments
6.2.9 Evergreen Investments
6.2.10 Dreyfus Corp
6.2.11 Federated Investors Inc
6.2.12 T. Rowe Price Group*