MarketPR
A cash-and-equity deal worth as much as $2.25 billion would bring Westport, Connecticut-based Neos Investments into Goldman Sachs (GS), adding roughly $32 billion in assets and nearly two dozen options-based income ETFs to the bank's existing lineup.
Completion would lift Goldman's total ETF platform to about $130 billion. Regulatory clearance and a definitive agreement are the next milestones to track.
What Goldman is paying for Neos launched in 2022 and drew inflows through options-based income strategies packaged inside the ETF wrapper. Several flagship funds posted double-digit returns paid out monthly.
The firm also marketed favorable tax treatment as a mechanism for improving after-tax returns. The pitch was giving retail investors access to derivatives strategies typically reserved for institutions.
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