Goldman Sachs is on an ETF shopping spree, and the receipts are getting expensive. The firm announced on August 12 that it will acquire NEOS Investments, a specialist in systematic options-based income ETFs, in a deal valued at up to $2.25 billion in cash and equity.
The price tag is contingent on performance and service commitments. The transaction is expected to close in the first quarter of 2027, pending regulatory approval.
What Goldman is buying
NEOS manages approximately $30 billion in assets across 19 ETFs, all focused on delivering high monthly income with tax efficiency.
The deal adds meaningful heft to Goldman Sachs Asset Management. Post-acquisition, GSAM is projected to manage roughly $130 billion in total ETF assets, which would make it the eighth-largest active ETF manager with about $80 billion specifically in active ETFs, based on data from June 30, 2026.
