{
    "success": true,
    "data": {
        "ucits": false,
        "type": "ETC",
        "leverage": true,
        "derivatives": true,
        "swaps": true,
        "inverse": false,
        "complex_factors": [
            "Leverage",
            "2x Daily Leveraged Exposure",
            "Compounding Effect",
            "High Risk Class",
            "Use of Futures Contracts",
            "Potential for Significant Loss"
        ],
        "classification": "complex",
        "supporting_data": "The WisdomTree Copper 2x Daily Leveraged is classified as complex primarily due to its 2x daily leveraged exposure to the Bloomberg Copper Sub Excess Return Index. This inherent leverage, combined with the daily reset mechanism, leads to a compounding effect that can cause significant deviations from the expected return over periods longer than one day, especially in volatile markets. The product explicitly states that 'In severely adverse market conditions you may lose your entire investment' and is classified as '7 out of 7, which is the highest risk class'. The use of futures contracts, referenced in the Benchmark, also contributes to complexity and potential disconnects in performance. The KID itself includes a comprehension alert: 'You are about to purchase a product that is not simple and may be difficult to understand', which is a strong indicator of a complex product under MiFID II. The structure and the significant risks involved, particularly the potential for substantial capital loss, make it difficult for a retail investor with basic knowledge to fully grasp the product's nature and risks."
    }
}