{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": false,
        "type": "ETC",
        "complex_factors": "Leverage (2x daily), Index Tracking (Bloomberg Sugar Sub Excess Return Index),Compounding effect,  Futures contracts referencing the benchmark",
        "classification": "complex",
        "supporting_data": "The WisdomTree Sugar 2x Daily Leveraged ETC is classified as complex due to its leveraged structure (2x daily performance) and its reliance on tracking the Bloomberg Sugar Sub Excess Return Index. This index is based on futures contracts, and the document explicitly states that price changes in these contracts will not necessarily correlate with the product's performance. This daily reset introduces a compounding effect, increasing volatility and the deviation from the index's performance over time. The key information document also has a comprehension alert because the asset is complex. It also implies the use of derivatives to achieve this objective and the fact that the return is driven by factors not easily understood by retail investors. The product is designed for 'informed' investors who are able to bear loss and have specific knowledge or experience of investing in similar products and financial markets. This further reinforces the idea that the product is complex because of the need for specialist investment knowledge and an understanding of how futures contracts, indexes, and leverage work."
    }
}