{
    "type": "ETF",
    "ucits": true,
    "fund_name": "EMQQ Emerging Markets Internet UCITS ETF",
    "investment_objective": "Track the price and yield performance of the EMQQ Emerging Markets Internet ESG Screened Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets",
    "sector_focus": "Internet, ecommerce, internet retail and internet services sector companies",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The EMQQ Emerging Markets Internet UCITS ETF employs a passive management approach with physical or representative sampling replication methodology, investing directly in the underlying securities of the EMQQ Emerging Markets Internet ESG Screened Index. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund does not employ leverage or inverse strategies. The underlying assets are equities in emerging market internet and ecommerce companies, which are liquid and transparent. The risk profile is rated 6 out of 7, reflecting market and emerging market risks, but this is due to the nature of the underlying equity investments rather than structural complexity. The fund is UCITS compliant, with no capital protection or structured features. Costs are straightforward with no performance fees or swap fees. The PRIIPs KID includes a comprehension warning that the product 'is not simple and may be difficult to understand,' but this relates to market risk and emerging market exposure rather than structural complexity or use of derivatives. No evidence of complex underlying assets such as contingent convertible bonds or CLOs was found. Therefore, under MiFID II criteria, the fund is classified as non-complex."
}