Goldman Sachs to acquire Neos for up to $2.25b cash and stock
Buobe IA context · why it matters
Goldman Sachs acquiring Neos for up to $2.25b — This expansion strengthens Goldman Sachs' position in the ETF market.
Expansion into actively managed ETFs — It signals growing demand and interest in this segment of the financial industry.
Focusing on active management could lead to increased competition among banks offering similar services.
Investing.com -- Goldman Sachs Group Inc. will pay up to $2.25 billion to acquire Neos Investments, expanding its presence in the actively managed exchange-traded fund market, according to a Bloomberg report early Wednesday.
