The folks at a money center bank's $2.8-trillion-AUS asset management arem are building an active U.S. fund that focus on India.

Today, the Goldman Sachs Asset Management [profile] team filed to launch the Goldman Sachs India Equity ETF (GIND on the Nasdaq). New York City-based Goldman Sachs Asset Management, L.P. will serve as the planned ETF's investment advisor.

GIND will come with an expense ratio of 75 basis points. It will be run by a team of three GSAM managing directors: Hiren Dasani, Raj Garigipati, and Basak Yuvuz.

The new ETF will be an actively managed, non-diversified series of the Goldman Sachs ETF Trust. GIND's other service providers will include: SS&C's Alps Distributors, Inc. as distributor; the Bank of New York Mellon (BNY Mellon) as custodian, dividend disbursing agent, and transfer agent; and PricewaterhouseCoopers LLP as independent accounting firm. 

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