{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "Indirect Replication, derivatives use, including total return swaps, is integral to the Sub-Fund's investment strategies, making it complex.  The fund does not use derivatives for EPM.",
        "classification": "complex",
        "supporting_data": "The Amundi MSCI EM Asia UCITS ETF uses indirect replication via a total return swap to achieve its investment objective, which makes it a complex asset under MiFID II. While it tracks a known index (MSCI Emerging Markets Asia), the use of derivatives (swaps) to replicate the index introduces counterparty and collateral risk, which are difficult for retail investors to fully understand. These swaps are an integral component of the strategy rather than being used for efficient portfolio management. The KID states an Indirect Replication methodology. The fund does not use derivatives for EPM. This aligns with the ESMA guidance that the fund's use of derivatives as part of its core strategy is a factor in classifying it as complex, and the client requires greater comprehension of its structure and inherent risks."
    }
}