In 2023, around *** million people in Germany owned fixed-interest securities.The Allensbach Market and Advertising Media Analysis (Allensbacher Markt- und Werbeträgeranalyse or AWA in German) determines attitudes, consumer habits and media usage of the population in Germany on a broad statistical basis.

The yield on Germany 10Y Bond Yield rose to 2.69% on July 11, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.21 points and is 0.19 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Germany 10-Year Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Germany's corporate debt securities market showcases a significant disparity between financial and non-financial corporations. As of the fourth quarter of 2024, financial corporations had over *** trillion U.S. dollars in outstanding debt securities, dwarfing the amount reported by their non-financial counterparts.

The Worldwide Fixed Income (WFI) Service enables you to keep track of new bond issues or changes in terms and conditions for both corporate and government issuances. Data is sourced globally from stock exchanges, central banks, ministries of finance, lead managers, paying, calculation and transfer agents.

The fixed income data service cover 40 event types including redemption, conversion, defaults and contains static data outlining key terms and conditions and call schedules. EDI can provide you with pricing supplements, offering circulars, term sheets and prospectuses for as many securities as possible subject to availability. It covers approximately 30% of the Fixed Income database. Use cases: Bond Issuance Tracking | Portfolio Risk Management | Portfolio Valuation | Investment Management | Market Analysis

With the service you will have access to: -International debt securities in more than 150 countries A broad range of asset types including: -Convertibles -FRNs -Permanent interest bearing shares -Preferred securities -Treasury bills In addition, where possible we can extend both instruments and geographic coverage to fully cover your portfolio.

Originally in the equity space, Exchange Data International (EDI) moved to the Fixed Income arena following an increased demand from clients to add debt instruments to its coverage. As the firm was approached by a major credit rating agency to build a customised fixed income service, it developed its own Fixed Income service providing global coverage of the debt market. New countries and sources are continually researched and added to enhance geographic coverage and increase the volume of securities in the database. The service provides historical data back from 2007.

Asset Classes Fully covered: • Canadian strip packages without underlying • Cash management bills • Certificate of deposit (tenure more than 28 days) • Commercial papers (tenure more than 28 days) • Convertibles • Corporate bonds • Government bonds • Municipal securities • Short-term corporate Bonds • Short-term government Bonds • Strips (parent needed) • Treasury bills

Covered if in portfolio: • Asset-backed securities (ABS) (securities entered with critical fields and just covered for live • client’s portfolio and Canada; offering documents processed for live clients; corporate actions not maintained) • Certificates (just covered for live client’s portfolio) • Mortgage-backed securities (MBS) (securities entered with critical fields and just covered for live client’s portfolio and Canada, offering documents processed for live clients; corporate actions not maintained) • Musharaka Sukuks (securities entered with critical fields and just covered for live client’s Portfolio; offering documents processed for live clients; corporate actions not maintained) • Structured Products • Genussschein (AT, CH and DE) • Mortgage-pass through certificates • Pass-through certificates In addition, EDI provides a comprehensive global Fixed Income Corporate Action/Event service, to compliment the reference data, including security and issuer level events and distributions.

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Fixed Income Assets Management Market Size 2025-2029

The fixed income assets management market size is forecast to increase by USD 9.16 tr at a CAGR of 6.3% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing investor interest in fixed income securities as a hedge against market volatility. A key trend in this market is the expansion of bond Exchange-Traded Funds (ETFs), which offer investors liquidity, diversification, and cost savings. However, this market is not without risks. Transactions in fixed income assets involve complexities such as credit risk, interest rate risk, and liquidity risk, which require sophisticated risk management strategies. As global investors seek to capitalize on market opportunities and navigate these challenges effectively, they must stay informed of regulatory changes, market trends, and technological advancements. Companies that can provide innovative solutions for managing fixed income risks and optimizing returns will be well-positioned to succeed in this dynamic market.

What will be the Size of the Fixed Income Assets Management Market during the forecast period?

Request Free SampleThe fixed income assets market in the United States continues to be an essential component of investment portfolios for various official institutions and individual investors. With an expansive market size and growth, fixed income securities encompass various debt instruments, including corporate bonds and government treasuries. Interest rate fluctuations significantly impact this market, influencing investment decisions and affecting the returns from interest payments on these securities. Fixed income Exchange-Traded Funds (ETFs) and index managers have gained popularity due to their cost-effective and diversified investment options. However, the credit market volatility and associated default risk pose challenges for investors. In pursuit of financial goals, investors often choose fixed income funds over equities for their stable dividend income and tax savings benefits. Market risk and investors' risk tolerance are crucial factors in managing fixed income assets. Economic uncertainty and interest rate fluctuations necessitate active management by asset managers, hedge funds, and mutual funds. The fund maturity and investors' financial goals influence the choice between various fixed income securities, such as treasuries and loans. Despite the challenges, the market's direction remains positive, driven by the continuous demand for income-generating investments.

How is this Fixed Income Assets Management Industry segmented?

The fixed income assets management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD tr' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeCoreAlternativeEnd-userEnterprisesIndividualsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaMiddle East and Africa

By Type Insights

The core segment is estimated to witness significant growth during the forecast period.The fixed income asset management market encompasses a diverse range of investment vehicles, including index investing, pension funds, official institutions, mutual funds, investment advisory services, and hedge funds. This asset class caters to income holders with varying risk tolerances, offering securities such as municipal bonds, government bonds, and high yield bonds through asset management firms. Institutional investors, insurance companies, and corporations also play significant roles in this sector. Fixed income securities, including Treasuries, municipal bonds, corporate bonds, and debt securities, provide regular interest payments and can offer tax savings, making them attractive for investors with financial goals. However, liquidity issues and credit market volatility can pose challenges. The Federal Reserve's interest rate decisions and economic uncertainty also impact the fixed income market. Asset management firms employ various strategies, such as the core fixed income (CFI) strategy, which invests in a mix of investment-grade fixed-income securities. CFI strategies aim to deliver consistent performance by carefully managing portfolios, considering issuer creditworthiness, maturity, and jurisdiction. Fixed income funds, including government bonds and corporate bonds, offer lower market risk compared to equities. Investors can choose from various investment vehicles, including mutual funds, ETFs, and index funds managed by active managers or index managers. Fixed income ETFs, in particular, provide investors with the benefits of ETFs, such as liquidity and transparency, while offering exposure to the fixed income market. Despite market risks and liquidity issues, the fixed income asset management market continues to be

In 2023, the value of fixed income investments of Allianz Group with BBB rating was the highest among all credit ratings. The Allianz Group is one of the world's leading insurers and asset managers, and is headquartered in Munich, Germany. The fixed income investments with BBB rating amounted to almost 146 billion euros in 2023, and those with AAA rating (the highest possible rating) amounted to 82.7 billion euros.

In 2023, corporate bonds accounted for almost ** percent of the fixed income portfolio of Allianz Group. The Allianz Group is one of the world's leading insurers and asset managers, and is headquartered in Munich, Germany. Meanwhile, government bonds constituted over ** percent of the Allianz Group's fixed income portfolio in 2023. The overall value of debt instruments in Allianz's fixed income portfolio decreased from ***** billion euros in 2022 to ***** billion euros in 2023.

On average, a person in Germany had financial assets worth around ****** euros, as of 2023. This was an increase compared to the year before at around ****** euros.Financial assets of private households consist of kept cash reserves, bank investments and securities (stocks, fixed-income securities and investment fund shares), as well as claims regarding insurance and pension schemes.

Lucror Analytics: Proprietary Fixed Income Data for Credit Quality & Bond Valuation

At Lucror Analytics, we provide cutting-edge corporate data solutions tailored to fixed income professionals and organizations in the financial sector. Our datasets encompass issuer and issue-level credit quality, bond fair value metrics, and proprietary scores designed to offer nuanced, actionable insights into global bond markets that help you stay ahead of the curve. Covering over 3,300 global issuers and over 80,000 bonds, we empower our clients to make data-driven decisions with confidence and precision.

By leveraging our proprietary C-Score, V-Score , and V-Score I models, which utilize CDS and OAS data, we provide unparalleled granularity in credit analysis and valuation. Whether you are a portfolio manager, credit analyst, or institutional investor, Lucror’s data solutions deliver actionable insights to enhance strategies, identify mispricing opportunities, and assess market trends.

What Makes Lucror’s Fixed Income Data Unique?

Proprietary Credit and Valuation Models Our proprietary C-Score, V-Score, and V-Score I are designed to provide a deeper understanding of credit quality and bond valuation:

C-Score: A composite score (0-100) reflecting an issuer's credit quality based on market pricing signals such as CDS spreads. Responsive to near-real-time market changes, the C-Score offers granular differentiation within and across credit rating categories, helping investors identify mispricing opportunities.

V-Score: Measures the deviation of an issue’s option-adjusted spread (OAS) from the market fair value, indicating whether a bond is overvalued or undervalued relative to the market.

V-Score I: Similar to the V-Score but benchmarked against industry-specific fair value OAS, offering insights into relative valuation within an industry context.

Comprehensive Global Coverage Our datasets cover over 3,300 issuers and 80,000 bonds across global markets, ensuring 90%+ overlap with prominent IG and HY benchmark indices. This extensive coverage provides valuable insights into issuers across sectors and geographies, enabling users to analyze issuer and market dynamics comprehensively.

Data Customization and Flexibility We recognize that different users have unique requirements. Lucror Analytics offers tailored datasets delivered in customizable formats, frequencies, and levels of granularity, ensuring that our data integrates seamlessly into your workflows.

High-Frequency, High-Quality Data Our C-Score, V-Score, and V-Score I models and metrics are updated daily using end-of-day (EOD) data from S&P. This ensures that users have access to current and accurate information, empowering timely and informed decision-making.

How Is the Data Sourced? Lucror Analytics employs a rigorous methodology to source, structure, transform and process data, ensuring reliability and actionable insights:

Proprietary Fixed Income Data Models: Our scores are derived from proprietary quant algorithms based on CDS spreads, OAS, and other issuer and bond data.

Global Data Partnerships: Our collaborations with S&P and other reputable data providers ensure comprehensive and accurate datasets.

Data Cleaning and Structuring: Advanced processes ensure data integrity, transforming raw inputs into actionable insights.

Primary Use Cases

1. Portfolio Construction & Rebalancing Lucror’s C-Score provides a granular view of issuer credit quality, allowing portfolio managers to evaluate risks and identify mispricing opportunities. With CDS-driven insights and daily updates, clients can incorporate near-real-time issuer/bond movements into their credit assessments.

2. Portfolio Optimization The V-Score and V-Score I allow portfolio managers to identify undervalued or overvalued bonds, supporting strategies that optimize returns relative to credit risk. By benchmarking valuations against market and industry standards, users can uncover potential mean-reversion opportunities and enhance portfolio performance.

3. Risk Management With data updated daily, Lucror’s models provide dynamic insights into market risks. Organizations can use this data to monitor shifts in credit quality, assess valuation anomalies, and adjust exposure proactively.

4. Strategic Decision-Making Our comprehensive datasets enable financial institutions to make informed strategic decisions. Whether it’s assessing the fair value of bonds, analyzing industry-specific credit spreads, or understanding broader market trends, Lucror’s data delivers the depth and accuracy required for success.

Why Choose Lucror Analytics? Lucror Analytics is committed to providing high-quality, actionable data solutions tailored to the evolving needs of the financial sector. Our unique combination of proprietary models, rigorous sourcing of high-quality data, and customizable delivery ensures that users have the insights they need to make smarter deci...

German private households had 120.7 billion euros worth of assets in savings bonds, as of 2023. This was a very significant increase compared to 2022. Savings bonds are an investment option basically between a savings account and fixed-interest securities. The interest rate is determined for the whole duration period (up to ten years) and therefore manageable in advance.

The study’s subject

The author’s aim is to describe the functional changes of German capital markets and stock exchanges. First he describes characteristics of German capital markets as a place of balancing supply and demand. Then, further submarkets are analyzed in their function (for example the meaning of credit transactions and interest rates for investment activities of the economy, or by means of fixed interest securities and equity securities documented capital procurement).

Starting point of the investigation is the period until 1924, a period without regulation activities of the state on the capital trade. This period was followed by increased requirements on capital due to the first World War and the inflation. The description closed with the consequences of political influence on processes of capital markets. The author tries to show the rise of the German capital market, it’s functionality and the restriction as an effect of the first World War (the state’s extremely high need for money), and the following hyperinflation using long time series data.

The data deals with following subjects:

Datatables in HISTAT (Topic: Money and Currency = Geld):

A.01 Average Price Level of Fixed Rated Bond Issues (Durchschnittlicher Kursstand festverzinslicher Anleihen)

A.02 German Financial Assets from 1893 to 1913 (Das deutsche Geldvermögen zwischen 1893 und 1913)

A.03 Foundation of Stock Corporations between 1870 and 1928 (Gründung von Aktiengesellschaften zwischen 1870 und 1928)

A.04 Branches of German Major Banks between 1900 and 1918 (Niederlassungen der deutschen Großbanken in Deutschland zwischen 1900 und 1918)

A.05 Deposits stock of German Banks in Mill. Mark between 1872 and 1910 (Depositenbestand der D-Banken in Mill. Mark zwischen 1872 und 1910)

A.06 Importance of the Banks for financing investments: by capital issue raised capital sum between 1889 and 1904 (Bedeutung der Banken für die Investitionsfinanzierung: durch Emissionen aufgebrachte Kapitalsummen von 1889 bis 1904)

A.07 Bank rate of the German Reichsbank between 1924 and 1930 (Der Diskontsatz der Deutschen Reichsbank (Jahresdurchschnitt) zwischen 1924 und 1930)

A.08 Capital Market Interest for Fixed Rate Issues in Germany, United States, Switzerland and The Netherlands in 1925 and between 1928 and 1930 (Der Kapitalmarktzins für festverzinsliche Wertpapiere in Deutschland, USA, Schweiz und Holland für 1925, 1928 und 1930)

A.09 Development of Savings and Deposits of German Savings Banks in Mill. Mark between 1924 and 1933 (Entwicklung der Spar- und Geldeinlagen der deutschen Sparkassen in Mill. Mark zwischen 1924 und 1933)

A.10 Development of Savings and Deposits in German Savings Banks between 1933 and 1937 (Entwicklung der Spareinlagen bei den deutschen Sparkassen zwischen 1933 bis 1937)

A.11 Depts of Communities and associations of local authorities, 1928 – 1930 (Die Schulden der Gemeinden und der Gemeinde-Verbände, 1928-1930)

A.12 Capital Assets of Insurances in Mill. Reichsmark between 1932 and 1936 (Die Kapitalanlage der Versicherungen in Mill. Reichsmark zwischen 1932 und 1936)

A.13 Number of dealt Papers on the Berlin Stock Market and the Papers‘ Prices between 1931 and 1935 (Zahl der an der Berliner Börse gehandelten Papiere, Kurse und Dividenden der gehandelten Papiere zwischen 1931 und 1935)

On average, a private household in Germany had financial assets worth around ******* euros, as of 2023. This was an increase compared to the year before at around ******* euros.Financial assets of private households consist of kept cash reserves, bank investments and securities (stocks, fixed-income securities and investment fund shares), as well as claims regarding insurance and pension schemes.

EDI's history of corporate action events dates back to January 2007 and uses unique Security IDs that can track the history of events by issuer since January 2007.

Choose to receive accurate corporate actions data via an SFTP connection either 4x daily or end-of-day. Proprietary format. ISO 15022 message standard, providing MT564 & 568 announcements.

The European asset management market, valued at €33.57 billion in 2025, is projected to experience robust growth, driven by several key factors. Increasing institutional investor activity, particularly from pension funds and insurance companies seeking diversified portfolios, is a significant driver. The rising popularity of sustainable and responsible investments (SRI) further fuels market expansion, as investors increasingly prioritize environmental, social, and governance (ESG) factors. Technological advancements, including the rise of robo-advisors and algorithmic trading, are streamlining operations and attracting a wider range of clients. Furthermore, favorable regulatory environments in certain European nations are encouraging market participation. However, challenges such as Brexit's lingering effects on cross-border investments and increasing competition from fintech disruptors pose potential restraints. The market is segmented by client type (retail, institutional), mandate type (discretionary, investment funds), and asset class (equity, fixed income, cash), offering varied investment opportunities. Key players like BlackRock, Amundi, and Allianz Global Investors dominate the landscape, but smaller specialized firms are also finding niches. Growth will likely be concentrated in the institutional segment, fueled by the ongoing shift towards professionally managed investments. The UK, Germany, and France are expected to remain the largest national markets within Europe, but growth potential exists across several other nations as awareness and adoption of sophisticated investment strategies increase. The forecast period (2025-2033) anticipates a continued expansion, with the CAGR of 9.89% suggesting significant growth opportunities. While macroeconomic uncertainties exist, the long-term outlook remains positive, driven by an aging population requiring retirement planning solutions and a growing demand for professional wealth management services. Competitive pressures will likely intensify, necessitating strategic partnerships, technological innovation, and a focus on delivering customized solutions to maintain a competitive edge. The market's segmentation offers various avenues for growth, with specialized firms focusing on particular asset classes or client types potentially outperforming larger, more diversified players. The increasing integration of ESG factors within investment strategies is expected to shape the market's trajectory, influencing both investment decisions and the operational strategies of asset management firms. This comprehensive report provides an in-depth analysis of the Europe asset management market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, the report offers valuable insights into market size (in millions), trends, and future growth projections. It leverages extensive historical data (2019-2024) and forecasts (2025-2033) to provide a holistic view of this dynamic industry. Key players such as BlackRock, Amundi Asset Management, and Allianz Global Investors are analyzed, alongside evolving market dynamics. The report explores various asset classes, client types, and mandate types to provide a granular understanding of the market landscape. Recent developments include: April 2024: SimCorp forged a strategic alliance with Quoniam Asset Management, a prominent quantitative asset manager overseeing assets exceeding EUR 20 billion. This partnership aims to revolutionize SimCorp's investment management operations.April 2024: Lazard, a global frontrunner in active asset management, teamed up with Elaia Partners, a prominent European venture capital firm. Together, they aim to forge a dominant European entity dedicated to investing in technology firms, guiding them from their initial seed stages to public market listings.. Key drivers for this market are: Exchange Traded Funds and Mutual Funds, Technological Advancements. Potential restraints include: Exchange Traded Funds and Mutual Funds, Technological Advancements. Notable trends are: Increasing Pension Funds Fueling the Market.

Part A: Observation of investors´ information behaviour through a standardised category system.

Weighing process; number of alternatives; number of consequences; number of information units; investment amount in TDM; decision rules; KO criterion; restriction; internal filters/investment objectives; number of filters; observed delegation of investment forms to an advisor; habitual investment (none, current account, savings account, time deposit, certificate, savings bank certificate, federal treasury certificate, financing treasury certificate, bearer bond of savings bank, annuities, pension fund, equity fund, shares); chosen investment form; incrementalism (difference between habit and chosen investment form); aspiration level.

Part B: Questionnaire

Frequency of information about current money matters; source of information (acquaintances and relatives, daily newspapers, trade journals, consumer organisations, brochures and advertisements of savings banks/banks, personal advice from customer advisors); number of sources of information; frequency of money investment; knowledge about selected forms of investment (fixed-term deposits, fixed-income securities (bonds), shares, real estate funds, options); Personal investment behaviour: Security orientation, return orientation (willingness to take higher risk for higher return, return more important than security for profit maximisation reasons); simplicity orientation, involvement (good knowledge of money matters, intensive involvement with money matters, interesting and exciting money matters), delegation of investment forms to an advisor, liquidity orientation, signal effect of advice from friends, acquaintances and relatives when investing money).

Demography: sex; age (classified); years of education.

Part C: Additional information by savings bank

Information on account structure (use of current account, fixed-term deposit, savings account, savings bank certificate, certificate, custody account) and custody account structure (ownership of shares, bonds, German Government securities, investment fund units); use of other forms of investment (options, futures, etc.); amount of financial assets at the savings bank in TDM).

Additionally coded: Case number; advisor.

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ETF Market Size 2025-2029

The ETF market size is forecast to increase by USD 17.94 billion at a CAGR of 20.2% between 2024 and 2029.

The market continues to experience robust growth, with increasing institutional adoption and investor preference for cost-effective, diversified investment solutions. One of the key drivers propelling this market forward is the expansion of bond ETFs, blockchains which now account for over one-third of the total assets under management. This trend is expected to persist, as fixed income securities offer attractive yields in the current low-interest-rate environment. However, the market is not without its challenges. A significant concern is the potential for transaction risks, particularly in illiquid securities. This risk can lead to price discrepancies between the ETF's net asset value and its market price, potentially resulting in losses for investors.
Additionally, market volatility and sudden price movements can exacerbate these risks, making it crucial for market participants to closely monitor market conditions and adjust their strategies accordingly. Companies seeking to capitalize on the growth opportunities in the market while mitigating transaction risks may consider focusing on liquid securities and implementing robust risk management strategies.

What will be the Size of the ETF Market during the forecast period?

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The exchange-traded fund (ETF) market continues to evolve, integrating advanced technologies and applications across various sectors. Machine learning algorithms enhance the investment process, enabling more precise index construction in fixed income ETFs. Currency ETFs leverage technology to offer real-time exposure to foreign exchange markets. Small businesses benefit from scalability and affordability, with increasing numbers turning to ETFs for diversified investment opportunities. Service providers and financial institutions collaborate to ensure financial market stability, offering innovative solutions for passive investing strategies, including index funds and index mutual funds.
The integration of artificial intelligence and blockchain technology further enhances ETF offerings, reducing transaction costs and improving security. The ongoing unfolding of market activities reveals evolving patterns in trade finance, international trade, and asset management. ETFs continue to adapt, providing investors with efficient and cost-effective investment vehicles.

How is this ETF Industry segmented?

The etf industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Fixed income ETF
  Equity ETF
  Commodity ETF
  Real estate ETF
  Others


Product Type

  Large cap ETFs
  Mega cap ETFs
  Mid cap ETFs
  Small cap ETFs


End-User

  Retail Investors
  Institutional Investors


Investment Type

  Active
  Passive


Distribution Channel

  Brokerage Platforms
  Direct Sales


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Switzerland
    The Netherlands
    UK


  Middle East and Africa

    UAE


  APAC

    China
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The fixed income etf segment is estimated to witness significant growth during the forecast period.

In the dynamic securities markets of 2024, the fixed income Exchange-traded fund (ETF) emerged as a leading investment choice. This type of ETF, which invests in various fixed-income securities like corporate, municipal, and treasury bonds, is traded on a centralized stock exchange. In contrast, most corporate bonds are sold through bond brokers, limiting bond buyers' exposure to the stock exchange. Fixed income ETFs, however, provide extensive exposure, enabling investors to participate in the stock exchange's activity. These ETFs employ various technologies, such as Optical Character Recognition and Machine Learning, to ensure efficient trade processing and risk management.

Additionally, the integration of Blockchain technology enhances security and transparency. Fixed income ETFs cater to diverse investor needs, including small businesses seeking scalability and financial institutions aiming for financial market stability. The market offers various categories, such as Government Bond ETFs, which invest in government securities, and Currency ETFs, which provide exposure to foreign currencies. Furthermore, Real Estate ETFs, Commodity ETFs, and Alternative Trading Funds expand the investment universe. Service providers play a crucial role in facilitating these investment solutions, ensuring affordability through passive investing strategies and competitive transaction costs. Trade agreements and internati

The European asset management market, valued at €33.57 billion in 2025, is projected to experience robust growth, driven by several key factors. The increasing adoption of sophisticated investment strategies by retail investors, pension funds, and insurance companies fuels demand for professional asset management services. A rising affluent population with higher disposable incomes and a growing preference for diversified investment portfolios further contributes to market expansion. Regulatory changes promoting transparency and investor protection are also positively impacting market growth. The market is segmented by client type (retail, pension funds, insurance companies, banks, other institutions), mandate type (investment funds, discretionary mandates), and asset class (equity, fixed income, cash/money market, other asset classes). Leading players like UBS Group, Allianz Global Investors, and BlackRock are strategically positioning themselves to capitalize on market opportunities through mergers and acquisitions, expansion into new asset classes, and technological advancements to enhance service offerings. However, factors such as geopolitical instability, economic downturns, and regulatory scrutiny represent potential restraints to market growth. The UK, Germany, and France represent the largest national markets within Europe, benefitting from established financial infrastructure and a high concentration of institutional investors. The forecast period (2025-2033) anticipates a compound annual growth rate (CAGR) of 9.89%, indicating a significant expansion of the European asset management market. This growth will be fueled by ongoing technological innovation within the industry. Increased use of AI-driven portfolio management tools, robo-advisors, and big data analytics will improve investment performance and efficiency. Furthermore, the growing demand for sustainable and responsible investments (SRI) is creating new opportunities for asset managers specializing in ESG (environmental, social, and governance) investing. Competition is expected to intensify as established players and new entrants vie for market share, leading to a more dynamic and innovative market landscape. The market's future success will depend on asset managers' ability to adapt to evolving client needs, embrace technological advancements, and navigate the evolving regulatory environment. Recent developments include: April 2024: SimCorp forged a strategic alliance with Quoniam Asset Management, a prominent quantitative asset manager overseeing assets exceeding EUR 20 billion. This partnership aims to revolutionize SimCorp's investment management operations.April 2024: Lazard, a global frontrunner in active asset management, teamed up with Elaia Partners, a prominent European venture capital firm. Together, they aim to forge a dominant European entity dedicated to investing in technology firms, guiding them from their initial seed stages to public market listings.. Key drivers for this market are: Exchange Traded Funds and Mutual Funds, Technological Advancements. Potential restraints include: Exchange Traded Funds and Mutual Funds, Technological Advancements. Notable trends are: Increasing Pension Funds Fueling the Market.

The European Exchange-Traded Funds (ETF) industry is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 8% from 2025 to 2033. This expansion is driven by several key factors. Increasing investor sophistication and a preference for diversified, low-cost investment vehicles are fueling demand for ETFs across asset classes. Regulatory changes promoting transparency and accessibility within European financial markets further contribute to this growth trajectory. The rising popularity of passive investment strategies, coupled with the convenience and liquidity offered by ETFs, continues to attract both institutional and retail investors. Specific growth segments include Equity ETFs, driven by strong performance in European stock markets and increasing interest in thematic and sector-specific investments. Fixed Income ETFs also demonstrate significant potential, particularly given the current low-interest-rate environment and investors' search for yield. While potential economic slowdowns or market volatility could act as restraints, the overall long-term outlook remains positive, supported by the continued maturation of the ETF market and its integration into European investment strategies. The leading players in the European ETF market, including iShares (BlackRock), Xtrackers, Vanguard, and Invesco, are actively competing through product innovation and cost optimization. Competition is driving innovation, leading to the introduction of specialized ETFs targeting niche market segments, such as sustainable investing or specific geographic regions. The geographical distribution of the market reflects the economic strengths of various European nations. The United Kingdom, Germany, and France are expected to remain dominant markets due to their established financial infrastructure and investor base, while growth in other European countries like the Netherlands, Spain, and Poland is also anticipated to contribute significantly to the overall expansion of the European ETF market. The continued expansion of the ETF market will depend upon various factors, including regulatory developments, economic conditions and sustained investor appetite for passive investment strategies. The forecast indicates a substantial increase in market size over the coming years reflecting the positive outlook for this industry. Recent developments include: February 2023: Vontobel launches two emerging market bond funds in response to increased investor interest. One of the two funds (Vontobel Fund - Emerging Markets Investment Grade) aims to provide clients with access to fixed income through a lower-risk version of Vontobel's existing hard currency funds. The other fund (Vontobel Fund - Asian Bond) is Asia-focused and primarily invests in corporate bonds across the region with different maturities in various hard currencies., February 2023: Mapfre Asset Management, owned by Spain's largest insurer Mapfre Group, increased its stake in a French mutual fund company to boost ESG capabilities and fund distribution in France. The Spanish firm acquired a further 26% equity stake in La Financière Responsable (LFR), which includes USD 706 million of assets under management (AUM), taking its total holding to 51%.. Notable trends are: Equity Funds occupied the Major percentage in ETF Market.

Snapshot img

Impact Investing Market Size 2025-2029

The impact investing market size is forecast to increase by USD 1312.9 billion, at a CAGR of 26.8% between 2024 and 2029.

The market is experiencing significant growth, driven by heightened awareness of social and environmental challenges that require innovative and sustainable solutions. This trend is particularly prominent among the millennial demographic, who are increasingly prioritizing social and environmental impact in their investment decisions. However, the market faces challenges, including a limited understanding of impact investing among investors and the general public. This lack of knowledge hinders the growth of the market and presents an opportunity for education and awareness campaigns. Additionally, the complexities of measuring and reporting impact data can create challenges for investors seeking to evaluate the effectiveness of their investments.
To capitalize on the market's potential, companies must focus on providing transparency and clarity around impact metrics, while also investing in education and awareness initiatives to expand the reach and understanding of impact investing. By addressing these challenges, market participants can effectively navigate the landscape and position themselves as leaders in this rapidly evolving market.

What will be the Size of the Impact Investing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the convergence of various sectors and investment strategies. Water security investments, renewable energy, and community development finance are among the sectors experiencing significant activity. Blended finance, sustainable business models, and green bonds are increasingly popular approaches, as investors seek to maximize social and environmental impact while generating financial returns. Economic empowerment and financial inclusion are key focus areas, with pay-for-success contracts and venture philanthropy gaining traction. Impact investing platforms, impact reporting standards, and job creation are essential components of this dynamic market. Sustainable agriculture investments, climate finance, and responsible investing are also integral parts of the landscape.

Philanthropic capital, social impact measurement, and impact investing education are crucial for fostering growth and ensuring the long-term success of impact investing strategies. Investment due diligence, affordable housing, private equity ,public-private partnerships, social impact bonds, community engagement, and impact assessment frameworks are essential elements of the investment process. The continuous unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptable in this ever-changing landscape.

How is this Impact Investing Industry segmented?

The impact investing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Institutional investor
  Individual investor
  Others


Sector

  Education
  Agriculture
  Healthcare
  Energy
  Others


Asset Class

  Equity
  Fixed Income
  Multi-asset
  Alternatives


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

.

By Type Insights

The institutional investor segment is estimated to witness significant growth during the forecast period.

Institutional investors are significantly increasing their presence in the market. These investors, which include financial companies and institutions managing large funds on behalf of pension funds, insurance companies, and sovereign wealth funds, are increasingly recognizing the potential of impact investments to generate both financial returns and social or environmental benefits. One prominent example is the Calvert Foundation, which manages a community investment note program. Through this program, investors can allocate funds towards initiatives in areas such as affordable housing, microfinance, and community development. Morgan Stanley is another major player, having made substantial investments in impact projects in 2023 and 2024.

Capacity building, renewable energy investments, community development finance, and triple bottom line considerations are key aspects of impact investing strategies. Clean technology investments, climate finance, responsible investing, water security investments, and blended finance are also integral components. Impact investing platforms, impact reporting standards, job creation, sustainable busines

As of April 16, 2025, the yield for a ten-year U.S. government bond was 4.34 percent, while the yield for a two-year bond was 3.86 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in the following years. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.