Fixed Income Horizons Survey 2026

Capital Group’s 2026 survey shows U.S. institutional investors leaning more heavily into fixed income as a source of relative safety and portfolio balance. Nearly one-third plan to raise bond allocations over the next year, often by trimming equities, real estate, and hedge funds. At the same time, investors are becoming more selective within credit, favoring diversification across sectors rather than simply taking on more risk.

Private credit is also moving into the mainstream, with about 60% of respondents now allocating at least 10% to the asset class. That shift suggests confidence in its return profile and downside characteristics, even as liquidity concerns remain part of the conversation.

Overall, the message is one of caution and resilience. In a market still shaped by macro uncertainty and tight valuations in risk assets, fixed income is regaining its role as a stabilizing anchor while investors preserve flexibility for future opportunities.