{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI INDEX MSCI EMERGING MARKETS UCITS ETF DR",
    "investment_objective": "Track the performance of MSCI Emerging Markets Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets (23 countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity fund tracking the MSCI Emerging Markets Index via direct physical replication, investing directly in transferable securities representing the index constituents. The KIID and PRIIPs KID confirm the use of physical replication with derivatives only used for operational purposes such as managing inflows/outflows or improving exposure to index constituents, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or funded/unfunded swap structures. No leverage or inverse exposure is present. The risk profile is medium (4 out of 7), reflecting market risk typical of emerging market equities, without additional complexity flags such as capital protection or structured features. Costs are straightforward with a low ongoing charge (0.18%) and no performance fees. The factsheet confirms physical replication, no use of swaps, and a low tracking error (~0.16% ex-post), supporting a simple, transparent structure. No complex underlying assets like contingent convertible bonds or CLOs are held. The product is intended for retail investors with basic investment knowledge and no specific complexity warnings are present. Therefore, under MiFID II, this ETF is classified as non-complex."
}