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Goldman pushes further into ETFs with $2.25B deal
Goldman Sachs said Wednesday it will acquire exchange-traded funds provider Neos Investments in a deal valued at up to $2.25 billion. The Connecticut-based ETF startup is responsible for almost 24 options-based income ETFs worth an estimated $32 billion, data shows. "Active ETFs are a fast growing space in the asset-management business," Goldman's Marc Nachmann told WebNovare. Late last year, Goldman agreed to buy ETF operator Innovator Capital Management for $2 billion. When the new deal closes, Goldman’s ETF assets will be worth a combined $130 billion.
Goldman Sachs is making another major push into the rapidly expanding exchange-traded fund market, announcing an agreement to acquire NEOS Investments for up to $2.25 billion. The deal will significantly expand Goldman's presence in actively managed ETFs...
