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Home›ETFs & Funds›Fund Industry›Goldman Sachs to buy Neos Investments in new ETF push

Goldman Sachs to buy Neos Investments in new ETF push

The deal adds another ETF-focused asset manager to Goldman Sachs’ expanding fund business.

Reported · Written up by our desk · Fund Industry

Goldman Sachs has agreed to buy Neos Investments, according to MarketWatch.

The acquisition is aimed at growing Goldman’s asset-management presence, adding another ETF shop to its fast-expanding lineup.

MarketWatch characterizes the trend as growing demand for so-called boomer candy ETFs, which has helped drive consolidation among ETF providers.

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Sources

MarketWatchGoldman’s latest deal underscores how ‘boomer candy’ ETFs are now big business on Wall Street
MarketWatchGoldman’s latest deal underscores how ‘boomer candy’ ETFs are now big business on Wall Street

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