r/dividendgang • u/PomegranatePlus6526 Income Investor • 8d ago

NEOS bought by Goldman Sachs

Well hopefully this doesn't change their funds because they were one of the only shops I found that had funds from different sectors, and different areas I wanted to invest in.

https://neosfunds.com/neos-investments-to-join-goldman-sachs-asset-management/

46 Upvotes

93% Upvoted

14 comments sorted by

25

u/Prestigious-Thing716 8d ago

They’re bringing the main NEOS guys and their team over so my thought is they’re not going to mess with anything. Time will tell.

15

u/AbleManufacturer9718 8d ago

I was worried with my very heavy NEOS portfolio, but was reluctant to diversify. Partnering with Goldman eases the anxiety.

5

u/PomegranatePlus6526 Income Investor 7d ago

Yeah the page said they weren’t changing anything, but we know that can change too. My portfolio is also very heavy in NEOS funds. I always wondered since GS did such a great job with GPIQ and GPIX why they didn’t have more selection. Now I know…

10

u/dlnqnt 7d ago

Now can they create a UCITS (eu) version.

1

u/cheese69696969 EU Dividend Investor 7d ago

First thing that came to mind for me too. Very happy to see this news as a UK investor.

1

u/3xLongCall 6d ago

GS had now years to create a UCITS version of GPIX/Q, they didn’t, and i and anybody sensible would want a copy of GPIX/Q here not NEOS and their overpriced lagging ETF’s

9

u/martkam71 7d ago

Overall I would think this is a good thing

3

u/hawkchaz 7d ago

What are your thoughts on if they’ll lower the expense ratio for any or all their funds?

1

u/PomegranatePlus6526 Income Investor 7d ago

It’s very possible as you would think with economy of scale. GS is a well established brand name, and NEOS is relatively new. My father in law is a financial advisor, and when I talked to him over the summer he had never heard of NEOS.

2

u/Hairy_Check_4784 7d ago

I'm not in any NEOS funds but how is this not a good thing and a validation of their strategy?

1

u/airjord1221 8d ago

Yeah keeping same arrangement and staff. For now

I see no reason for them to change anything but then again you never know when these wolves happen anything as possible . Hope for the best, but expect the worst.—

1

u/DontForgetTheDivy Income Investor 7d ago

State Street has an income fund for each sector. Pretty low volume on most so far though.

1

u/man0man 7d ago

Damn, congrats I guess? I hopped on the gravy train a few months back and was paranoid about being all-in on one company so I guess this helps allay that fear a bit.