The phenomenon of homogenization is serious. For those products with some characteristics, funds have always been swarming. The arbitrage opportunity presented by high-leverage funds has become the best way to expand the parent fund. In this round of surveys, a person in charge of the product department of a fund company told the reporter of "Ningbo Evening News" thus: "In fact, we find that YinHua Fund index分级products' shares are increasing rapidly. The field shares of YinHua Shen100 have exceeded 6 billion shares, and the field shares of YinHua Zhongzheng's equal weight 90 have reached a scale of 4 billion yuan, while the originally only over 40 million shares of resource index currently also has 500 million. There is little change in the field shares of active分级products." Under the situation where new fund issuance mainly depends on "buy one lottery money",分级funds also attract more fund companies to embark on the road of分级funds. Among the 15分级funds passed by the CSRC, the proportion of index分级stock products exceeds 90%. As for the selected tracking targets, they are mostly based on the Zhongzheng 500 Index and the SSE & SZSE 300 Index. Such as HuaShang and JinYi Fund's分级funds choose the target as the Zhongzheng 500 Index, while HuaAn and JiaoYin's first分级funds both tend to SSE & SZSE 300. Shenzhen 100, SME board, Shenzhen 300, and bulk commodities and other indices are also choices for multiple fund companies to layout分级funds. "There are so many market major indices, the company originally wanted to choose the Zhongzheng 500 Index, but saw that there were relatively more of this type of分级, so changed to a slightly smaller elasticity one." A market person from a Shenzhen fund company admitted frankly. "Now分级funds are all about the same, and the management's issued分级fund product review guidelines have certain restrictions on the leverage ratio of various types of products." This market person also indicated.