{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "Synthetic replication, use of swaps, and investment in China A-shares",
        "classification": "complex",
        "supporting_data": "The HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF is classified as complex. The fund uses synthetic replication through total return swaps to track the index. It also invests in derivatives for efficient portfolio management and invests in China A-shares, either directly or indirectly, which introduces complexity in the form of counterparty risk and operational complexity. The KID indicates that the fund's price has shown high fluctuations historically. The fund also uses securities lending. Furthermore, the fund's investment in total return swaps constitutes the inherent usage of derivative and swap products. The fundu2019s structure and risks may be difficult for a retail investor to understand, thereby triggering the MiFID II complexity requirements and requiring a comprehension alert."
    }
}