Goldman Sachs to acquire ETF provider Neos in $2.3 billion deal

Goldman Sachs Group Inc. will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager’s reach in the actively managed exchange-traded fund market. 

The cash-and-equity deal will add a fast-growing ETF issuer to the Wall Street giant’s roster of offerings, according to Marc Nachmann, who oversees Goldman’s money-management arm. The relatively new upstart is behind nearly two dozen options-based income ETFs commanding some $32 billion in assets, according to data compiled by Bloomberg. 

Such funds became popular with a variety of investors in recent years thanks to their high-yielding payouts. The Neos platform packages and makes........

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