PIMCO launches new active fixed income ETF

Watch on YouTube ↗  |  January 21, 2026 at 18:50  |  2:11  |  CNBC
Speakers
Jerome Schneider — Head of Short-Term Portfolio Management, Pimco

Summary

Jerome Schneider of PIMCO joins Dom Chu to discuss the bond market's reaction to geopolitical headlines and the launch of the PIMCO Stocks Plus Active Bond ETF (SPLS). Schneider sees a fertile fixed income landscape due to differentiated global fiscal and monetary policies. He argues active fixed income ETFs can generate excess returns over S&P 500-type index compositions, and SPLS combines passive equity exposure with PIMCO's active bond strategy.

  • Dom Chu hosts ETF Edge with Jerome Schneider, PIMCO's head of short-term portfolio management.
  • Schneider says geopolitical headlines are driving the narrative, while fiscal and monetary policies create differentiated global markets.
  • He calls the fixed income landscape fertile, citing Japan vs. U.S. and U.K. vs. Australia as examples of differing risks and rewards.
  • PIMCO launched the PIMCO Stocks Plus Active Bond ETF, ticker SPLS.
  • SPLS combines passive S&P 500 equity exposure with PIMCO's active fixed income ETF suite.
  • Schneider says active fixed income ETFs can create excess returns versus S&P 500-type index compositions.
  • He argues fixed income based alpha may be more reliable than equity stock-picking alpha.
Ideas
Jerome Schneider Head of Short-Term Portfolio Management, Pimco 0:53
Fixed income offers fertile, differentiated global landscape
Schneider sees a fertile landscape for fixed income investors because geopolitical risks, fiscal policy, and monetary policy are creating differentiated markets around the world, including Japan versus the U.S. and the U.K. versus Australia. These markets present different risks than the past decade but also interesting rewards.
TLT MED
Jerome Schneider Head of Short-Term Portfolio Management, Pimco 1:13
SPLS blends passive equities, active bond alpha
PIMCO launched the PIMCO Stocks Plus Active Bond ETF (SPLS) to combine passive S&P 500 equity exposure with PIMCO's active fixed income ETF suite. Schneider argues this lets ETF investors access fixed income based alpha, because active fixed income ETFs have an advantage in creating excess returns over S&P 500-type index compositions, while stock-picking alpha is not necessarily a proven long-term track record.
SPLS HIGH
Jerome Schneider Head of Short-Term Portfolio Management, Pimco 1:34
Active fixed income ETFs can outperform equities
Schneider says active fixed income ETFs have an advantage in generating excess returns over S&P 500-type index compositions. This supports using active bond management alongside passive equity exposure to capture fixed income based alpha for ETF investors.
Active fixed income ETFs HIGH
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This CNBC video, published January 21, 2026, features Jerome Schneider discussing TLT, SPLS, Active fixed income ETFs. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jerome Schneider  · Tickers: TLT, SPLS, Active fixed income ETFs