IPE institutional market survey: Emerging market debt managers 2025
Total assets in emerging market debt managed on behalf of global investors have been volatile in terms of size.
In this year’s survey, assets have grown by 2.6%, after falling significantly the previous year. BlackRock is the largest global manager of EMD assets, but PIMCO is closing in, after overtaking PGIM last year in the ranking. BlackRock’s EMD assets have been flat, while PIMCO reported growth of 25%.
When it comes to European institutional investors, Germany’s MEAG tops the ranking in this year’s survey, having taken the top spot from State Street. All signs point to further growth of the asset class, with surveys of institutional investors reporting significant appetite for the asset class due to the attractive yields
Full data access
This summary shows headline data. The full dataset includes more detailed data on individual managers and is available to subscribers at ipe.com/research. To subscribe to IPE visit ipe.com/membership and for further information about the research or to participate in future surveys, contact dominic.gane@ipe.com
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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