Goldman Sachs Plans to Acquire ETF Issuer Neos Investments for $2.3 Billion

TechFlow news, on August 12, according to Bloomberg, Goldman Sachs Group (Goldman Sachs) announced it will acquire ETF issuer Neos Investments in the form of up to $2.25 billion in cash and stock to expand its presence in the actively managed ETF market. Neos owns nearly 20 option income ETF products, with assets under management of approximately $32 billion. This acquisition is led by Marc Nachmann, Head of Goldman Sachs Asset Management.