Goldman looks to expand active-ETF presence with $2.3 billion Neos deal

Goldman Sachs has announced a $2.3 billion deal to acquire ETF provider NEOS. The strategic move is aimed at expanding the financial institution's presence in the active exchange-traded fund market.

Active ETFs have seen growing interest within the financial sector as asset managers seek to capture shifting investor preferences. This multi-billion-dollar acquisition positions Goldman to scale its offerings significantly in this competitive segment.