{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": [
            "Emerging Market Bonds",
            "Derivatives",
            "Multi-Factor Index",
            "Portfolio optimization techniques"
        ],
        "classification": "complex",
        "supporting_data": "This UCITS ETF uses a stratified approach to track the J.P. Morgan Emerging Market Enhanced Multi-Factor Local Currency Bond Index. The ETF takes proportional exposure to the index components through direct investment, the use of derivatives, or a combination of both. The ETF invests predominantly in bonds but also includes transferable securities, money market instruments, and structured notes. It utilizes derivatives to achieve its investment objective (synthetic replication), introducing counterparty risk. It is designed to track an index that considers multiple factors which adds an element of complexity compared to a standard market cap weighted index.The KIID also indicates the ETF can invest in less liquid assets and emerging markets. The risk and reward profile is rated as 5/7, indicating high volatility."
    }
}