{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Emerging Market Risk",
            "China A-Shares investment via Stock Connect",
            "VIE structures exposure"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and seeks to outperform the MSCI Emerging Market Index by actively investing in emerging market companies. It primarily invests in equity securities and may use derivatives for efficient portfolio management. The ETF may invest up to 40% in China A-Shares and securities that rely on VIE structures. ESG factors are systematically included in investment decisions. The fund is physically replicated. While it has a higher risk rating (6/7), this is due to the volatility associated with emerging markets rather than a complex structure. There is some complexity from investing in China A-Shares which can be subject to operational constraints and regulatory change. The fund invests in positive enviromental or social investments contributing to enviromental or social objectives. ",
        "complex": false,
        "non-complex": true
    }
}