As of November 19, 2025 the NAAIM Exposure Index moved down to 86.56. Investment Managers are still bullish but hedging just as they did in October 2025. Based on the Exposure Index pattern developed between mid-June 2021 and September 2021 volatility would be expected to pick up in the coming weeks.
Note that this information is for educational purposes only and not a recommendation.
Data source: NAAIM Exposure Index
