{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthetic",
        "complex_factors": [
            "Emerging Market Bonds",
            "Currency Hedging",
            "Derivatives Usage",
            "Index Complexity",
            "Counterparty Risk"
        ],
        "classification": "complex",
        "supporting_data": "This is a UCITS ETF tracking an Emerging Markets index. It uses a stratified approach to achieve exposure, but may use derivatives (including currency forwards) to manage currency risk and replicate the index. The use of derivatives, particularly for synthetic replication and currency hedging, introduces counterparty risk and collateral risk, making it complex. The target index includes bonds of Emerging markets which adds to its complexity. The ETF also has a risk rating of 5/7, indicating a higher risk profile that is common with Synthetic ETFs.",
        "complex": true,
        "non-complex": false
    }
}