{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "Synthetic replication via swaps, derivative use for hedging, and an opaque structure.",
        "classification": "complex",
        "supporting_data": "The Amundi Global Equity Quality Income UCITS ETF utilizes an indirect replication method, specifically entering into an over-the-counter swap contract (financial derivative instrument, the FDI) to track its benchmark index. This is a key factor that makes this asset complex. The use of swaps to achieve the investment objective introduces counterparty risk and introduces opacity. Furthermore, the daily hedging strategy using derivatives to mitigate currency risk adds another layer of complexity. Additionally, ESMA guidelines and the referenced documents suggest that any use of derivatives will likely trigger a complex classification, due to the associated risks retail investors may not fully understand. Therefore, based on the document provided the Amundi Global Equity Quality Income UCITS ETF is classified as a complex asset."
    }
}