Goldman Sachs Closes In on $2.3 Billion Deal for ETF Provider Neos

Goldman Sachs is set to acquire Neos Investments in an estimated $2.25 billion deal, expanding its asset management capabilities.

The agreement will see Goldman add nearly two dozen options-based income ETFs from Neos, which currently manage around $32 billion in assets.

Nearly two dozen options-based income ETFs are under the control of Neos Investments, a relatively new player that has been rapidly expanding its offerings. The Wall Street giant's acquisition aims to tap into this growth and expand its reach in the actively managed exchange-traded fund market.

Marc Nachmann, who oversees Goldman's money-management arm, confirmed the deal.