{
    "success": true,
    "data": {
        "type": "ETF",
        "ucits": true,
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Emerging Market including China",
            "Concentration Risk",
            "Country Concentration",
            "Stock Connect Programs"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is a UCITS ETF, which carries a baseline presumption of being non-complex. It aims to track the CSI Overseas China Internet Index using physical replication, investing at least 80% of its net assets in securities of China Internet Companies or depositary receipts. The document explicitly states that 'The Fund does not intend to use financial derivative instruments.' While it acknowledges risks associated with emerging markets, concentration, and Stock Connect programs, these are related to market risk rather than structural complexity. The ETF's structure, objective, and replication method are straightforward and understandable for a retail investor with basic financial knowledge. Securities lending is not mentioned as a significant feature, and no leverage is employed. The index itself, while tracking China Internet companies, is not described as inherently complex in its methodology. The key investor information document does not indicate any features that would push it into a complex classification."
    }
}