U.S. Asset Management Firms to See a Rise in Fixed Income Investments in 2024

Fixed Income

Visible Alpha’s consensus estimates reveal a positive outlook for fixed-income-focused funds in 2024, attributed to expected interest rate cuts by the Federal Reserve. Notably, major U.S. asset management companies, including; BlackRock (NYSE: BLK), T. Rowe Price (NASDAQ: TROW), Franklin Resources (NYSE: BEN), Invesco (NYSE: IVZ), and AllianceBernstein (NYSE: AB) are expected to experience an average +81% YoY increase in net inflows into debt funds in 2024. This contrasts sharply with the -37% YoY decline seen in 2023 and the -14% decline in 2022.

Among these firms, Invesco is expected to lead the pack with a projected +374% YoY rise in net inflows for debt funds. This is followed by T. Rowe Price with 133%, Franklin Resources with 111%, BlackRock at 54%, and AllianceBernstein at 34%. These projections are largely influenced by shifting investor preferences towards fixed income securities.