{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Amundi MSCI EM Asia ESG Broad Transition UCITS ETF Acc is a UCITS ETF which, according to MiFID II Article 19(6) and CESR's advice, is generally presumed non-complex. The ETF aims to track the MSCI EM Asia ESG Broad CTB Select Net USD Index through direct replication. The KIID explicitly states 'Direct Replication, mainly by making direct investments in transferable securities and/or other eligible assets representing the Index constituents'. While the Investment Manager may use derivatives for managing inflows/outflows or for better index exposition, this is secondary to the direct replication and not integral to the strategy. The KIID also mentions securities lending to generate additional income, which is a common practice and generally does not render an ETF complex if properly managed with collateral. The primary risks highlighted are market risk from emerging markets equities, liquidity risk, counterparty risk, operational risk, and emerging markets risk. These are standard market risks and do not indicate structural complexity. The index itself, while ESG and climate transition focused, is described as an equity index based on a well-known parent index, implying a degree of transparency in its methodology for retail investors. There is no mention of embedded derivatives, leverage beyond UCITS limits, or complex underlying assets that would make understanding difficult for a retail investor with basic knowledge. Therefore, based on the provided information and MiFID II guidelines, the ETF is classified as non-complex."
    }
}