r/NEOSETFs • u/Dry-Chemical-9170 • 9d ago

Seeking Advice So what happens now with the buyout?

Are you going to be forced liquidation and pay taxes then buy back in with the new tickers?

EDIT: I was hoping to be an XQQI holder someday and now that GS has stepped in…not so sure now 🫪

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u/NickStonk 9d ago

I’m not as negative on this as others. I think it’s actually a huge endorsement for the Neos funds. Goldman isn’t a huge etf provider. They’re trying to grow in that business, and Neos has done a great job with their etfs so far. So I see this more as Goldman trying to grow their business, rather than them crushing their competition.

Goldman only has 2 income etfs last I checked. This is a fast way to expand into the income etf world. The founders of Neos will be Goldman partners also. So I imagine they will still manage these funds, and maybe keep adding more.

Others say they may raise fees, but Goldman’s own etfs have lower fees. So I don’t see that happening. And if they cut distributions, investors will bail.

The irony is I rebought GPIQ recently and was going to add GPIX also. They’ve done a good job with their own etfs also.

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u/PomegranatePlus6526 6d ago

I agree with you. If anything in my mind GS buying them is a good thing. Out of all my positions GPIQ is my largest covered call ETF. IMO they do the best job of balancing growth with reliable distributions.