{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The SPDR MSCI Europe UCITS ETF is a UCITS-compliant ETF that aims to track the performance of the MSCI Europe Index. The KID document explicitly states that the fund seeks to hold all the securities of the Index with the approximate weightings as in that Index. The Fund will use a replication strategy to create a near mirror-image of the Index.  The fund invests primarily in securities included in the Index which are equity securities issued by large and mid-sized companies from the developed markets within Europe. The document states that the fund may use financial derivative instruments to manage the portfolio efficiently. The fund's risk rating is very high (6/7) as the historical rises and falls have been very high, and this is based on historical data, and not structural complexity. The fund uses the increased diversification limits available under Regulation 71 of the UCITS Regulations. The fund is listed on one or more stock exchanges."
    }
}