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Goldman Sachs to buy ETF provider Neos in $2.3 billion deal

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By Reuters | Updated: August 12, 2026

Aug 12 (Reuters) – Goldman Sachs (GS.N), opens new tab will acquire exchange-traded funds provider Neos ​Investments for as much as $2.25 ‌billion, as the investment bank looks to bolster its presence in asset management.

Neos, which ​provides ETFs on systematic ​options-based income, managed $30 billion in assets ⁠across 19 funds as of ​June 30.

Demand for such funds ​has surged of late, as institutions look to hedge portfolios with investments that ​help cushion drawdown risk in ​a volatile market environment.

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The Wall Street giant ‌has ⁠pursued acquisitions in the actively managed ETF segment to diversify into asset management and capitalize on the growing ​demand.

The investment ​bank completed ⁠the buyout of Innovator Capital, which also employs ​an options-based fund, earlier ​this ⁠year.

Goldman’s purchase of Neos, expected to close in the first quarter ⁠of ​2027, will propel its ​active ETFs to $80 billion.

Reporting by Utkarsh Shetti ​in Bengaluru; Editing by Leroy Leo

© Thomson Reuters 2026

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