{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "ESG Enhanced Focus, Small Cap Index, Market Volatility",
        "classification": "non-complex",
        "supporting_data": "The iShares MSCI World Small Cap ESG Enhanced UCITS ETF tracks a small-cap ESG-focused index. While it uses optimising techniques including financial derivative instruments (FDIs) for direct investment purposes this is part of the active management which is not considered complex. The fund aims to optimize exposure to issuers achieving a higher ESG rating and reduce exposure to carbon emissions. There are no significant leveraging, swap or inverse components. The key risks are related to the market sector the ETF tracks with volatility in the underlying market and tracking error as the primary source of risk.The ETF is considered a non-complex product due to its focus on a generally understandable index, passive management, and the limited use of derivatives for efficient portfolio management, and the aim of the index. The KID document clearly states that the product is suitable for medium to long term investment and can be traded on exchange daily."
    }
}