Goldman doubles down on active ETFs with $2.3 billion Neos deal
Aug 12 : 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.
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Read MoreThe Burst
1 Retailer Is Head and Shoulders Above ALL Others
Some businesses have all the hallmarks of being average. A grocery store fits squarely into that category because goods are bought at wholesale prices, sold at retail, and the margin must cover all the other costs of the business from real estate costs to labor and everything else in between.
And then there’s Costco,
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Read MoreThe Ivy
1 Weird Advantage NVIDIA Has Over Magnificent 7
In spite of recent share price turbulence, NVIDIA has been on an astonishing run over the past 5 years with the stock gaining a remarkable 2,317%.
To give you a sense of the magnitude of the bull run, NVIDIA’s revenues were $10 billion in 2020, but have soared to $60.9 billion in the intervening years.
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