‘Dr. Doom’ Nouriel Roubini Is Looking to Launch His First ETF

Economist Nouriel Roubini, who earned the “Dr. Doom” moniker for his warnings of disaster ahead of the 2008 financial crisis, is looking to become the latest high-profile Wall Street veteran to make their mark in the $9.4 trillion ETF universe.

The Atlas America Fund, which would count him as one of three portfolio managers, would be actively managed and invest in a variety of assets, including potentially US government, corporate and municipal bonds, real estate, equities and gold, according to a filing with the US Securities and Exchange Commission. It aims to generate stable returns with low volatility and limited correlation with broader equity markets, protecting against downside risks during periods of financial market stress.