Finance
NEOS ETFs Has Been Sold. Here’s What it Means for SPYI, QQQI
Date: 2026-08-14 19:00:15
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There was some pretty big news in the high yield investing world on Wednesday regarding NEOS Funds, which is the company behind my favorite income ETF. On August 12th, there was a press release that came out announcing that Neos Investments would be joining Goldman Sachs Asset Management, as a means to strengthen their platform. According to the press release: “Goldman Sachs will acquire exchange-traded funds provider Neos Investments for as much as $2.25 billion, as the investment bank looks to bolster its presence in active asset management. Neos manages $30 billion in assets across 19 ETFs that cover a suite of index products, while using options to generate additional income and cap downside risk.”
“Demand for such products has surged of late, as institutions look to hedge portfolios with investments that help cushion drawdown risk and provide recurring income in a volatile market environment. Goldman has pursued acquisitions in the actively managed ETF space to strengthen its asset management unit and capitalize on the growing demand. Investment banks across Wall Street are also leaning on their asset management businesses for steadier revenue to counter the VAY-GARE-IES of hard-to-predict investment banking and trading growth. Its purchase of Neos, expected to close in the first quarter of 2027, will propel its active ETFs to $80 billion. Post-acquisition, Neos co-founders Troy Cates and Garrett Paolella will join the bank as partners.”
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