Goldman Sachs to acquire ETF platform Neos in deal valued up to $2.3bn

Goldman Sachs has agreed to purchase exchange-traded fund manager Neos Investments, a move that significantly expands its asset management footprint. The acquisition, valued at up to $2.3 billion, will add Neos's $30 billion in assets under management. The deal positions Goldman as a top-eight provider of active ETFs, with combined assets in the category reaching $80 billion.