We surveyed 300 fixed income asset allocation decision makers across EMEA, Asia Pacific and North America, covering public and private pension schemes, OCIOs, sovereign wealth funds, insurers, endowments and foundations, with the fieldwork taking place between February and April 2025. We captured their thoughts on a range of topics including the fixed income market environment, intentions and attitudes to credit markets and to emerging market debt, plus thoughts on active management.
In an increasingly uncertain environment, 72% of respondents report a cautious and highly selective approach to credit.
In aggregate, more asset owners plan to increase than decrease allocations to all fixed income sectors over the next 12 months, with corporate IG credit and private credit the favoured areas.
A majority of investors think an active approach will add value over passive across all fixed income sectors over the next 12 months. This view is strongest in the higher-yielding sectors.
Upgrade your fixed income to a world leader
Past results are not a guarantee of future results. The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.
