{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi MSCI EMU UCITS ETF Acc",
    "investment_objective": "Track the MSCI EMU Net Return EUR Index via direct replication or sampling",
    "primary_asset_class": "Equity",
    "geographic_focus": "Eurozone developed markets",
    "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 ETF tracking the MSCI EMU Net Return EUR Index, primarily investing in large and mid-cap Eurozone equities. The investment objective is achieved via direct physical replication or sampling of the underlying securities, with no mention of synthetic replication or use of swap agreements. The factsheet confirms physical replication and states no use of OTC swaps for replication, only a securities lending program which is common and does not trigger complexity. There is no leverage, inverse or amplified exposure. The risk profile is moderate (4/7), consistent with equity market risk, with no capital protection or structured features. Costs are straightforward with a low ongoing charge (0.12%) and no performance fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. Counterparty risk is limited to securities lending counterparties, not derivative counterparties. The underlying assets are liquid, transparent equities with no complex structured products or contingent bonds. Overall, the ETF exhibits a simple, linear index tracking strategy with minimal derivative use only for risk management (securities lending), no leverage, and no complex features, thus classifying it as non-complex under MiFID II."
}