Goldman Sachs to buy ETF provider NEOS Investments for up to $2.25 billion

Goldman Sachs agreed to acquire NEOS Investments, an options-based income ETF provider, for up to $2.25 billion in cash and stock. Part of the consideration depends on performance and service commitments. NEOS manages about $30 billion across 19 options-based income ETFs, and Goldman says the deal makes its asset management arm the eighth-largest active ETF provider, with closing expected in the first quarter of 2027.

• Up to $2.25 billion in cash and equity; part is contingent on performance and service commitments
• NEOS: $30 billion across 19 options-based income ETFs as of June 30, 2026
• Goldman says the combination makes its active ETF business the eighth-largest
• Expected close in the first quarter of 2027, subject to regulatory approval