Li Yimei discusses the phenomenon of "too much volatility" in the ETF market: I don't particularly like the word "volatility", and only when it is negative can it be called volatility

Recently, Li Yimei, the general manager of Huaxia Fund, stated on the Economic Observer's "Editor in Chief Dialogue" program that there has been a phenomenon in the domestic market where as many as twenty or thirty fund companies have developed the same index product at the same time, which has led to a high degree of product homogeneity and ultimately resulted in a "rolling" effect. However, I am not particularly fond of the word "rolling" because it usually refers to the competitive state that ultimately leads to negative results.