{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "synthetic",
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Synthetic replication using Total Return Swaps",
            "Counterparty risk",
            "Collateral risk"
        ],
        "classification": "complex",
        "supporting_data": "The Amundi MSCI Greece UCITS ETF Dist utilizes indirect replication through total return swaps (financial derivative instruments). This means the ETF does not hold the underlying index securities but instead uses OTC total return swaps to replicate the index's performance. This method introduces counterparty risk (risk of the swap provider defaulting) and collateral risk (risk related to the collateral held against the swap), which are generally considered complex for retail investors to understand. The presence of these derivative instruments used as the core replication strategy, rather than for efficient portfolio management, is the primary driver for its complex classification under MiFID II rules, even though UCITS are generally presumed non-complex."
    }
}