{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Derivatives for efficient portfolio management (EPM)",
            "Potential currency risk"
        ],
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF aims to track the MSCI World ex USA Index.  The ETF uses physical replication, which generally indicates non-complexity. Derivatives are used for efficient portfolio management (EPM) to manage risk, reduce costs, and improve results, this itself can indicate complexity. The anticipated level of tracking error in normal market conditions is 1 per cent. Currency fluctuations between the underlying index constituents and USD may affect investors, introducing currency risk. Given the limited use of derivatives for EPM and a focus on tracking a standard, diversified index, despite the minor derivative use, this does not lead to complexity. The ETF documentation states it aims to track the index before fees and expenses. All of the above factors are all in line with the UCITS and MiFID II guidelines for 'Non-Complex' assets."
    }
}