{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Megatrends thematic investment may be less easy to understand than standard indices and the index weighting may require a full understanding of a company's business across multiple themes.",
        "classification": "complex",
        "supporting_data": "The fund seeks to track the WisdomTree Global Megatrends Equity Index. The fund will employ a passive management (or indexing) investment approach and will invest in a portfolio of equity securities that consists of a representative sample of the component securities of the Index. The Index seeks to tap into the long-term growth potential of Megatrends and the associated themes to provide long-term capital appreciation. To be included in the Index, a security must meet the following criteria: (i) have economic activities that align with at least one sub-investment theme representing a Global Megatrend, (ii) be listed on an eligible stock exchange, (iii) meet minimum market capitalisation and liquidity requirements, and (iv) other criteria outlined in the Index methodology. There is a risk of Tracking error and investment risk may be concentrated in specific sectors, countries,currencies or companies. Efficient portfolio management techniques may be employed including repurchase/reverse repurchase agreements and stock lending arrangements. ",
        "explanation": "This ETF tracks a thematic megatrends index, which by its nature may be more complex for an average retail investor to understand than a standard broad market index. While it physically replicates the index and uses derivatives only for efficient portfolio management, the complexity of the index itself leans towards a complex classification. Given that the investments may be concentrated in specific sectors or countries this is also an important factor to be communicated to the clients. Especifically, the selection and weighting methodology are a higher level of complexity for retail understanding."
    }
}