{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "synthetic",
        "derivatives": true,
        "swaps": true,
        "leverage": false,
        "inverse": false,
        "complex_factors": [
            "Swaps (for replication)"
        ],
        "classification": "complex",
        "supporting_data": "The Amundi MSCI All Country World UCITS ETF EUR Acc utilizes indirect replication through over-the-counter (OTC) swap contracts. This reliance on financial derivative instruments (FDIs), specifically swaps, to replicate the benchmark index's performance is a key indicator of complexity under MiFID II rules. The use of swaps introduces counterparty risk and collateral risk, which are inherently difficult for retail investors to understand, thus overriding the baseline UCITS presumption of non-complexity. While the ETF tracks a broad and transparent index (MSCI AC World Index), the method of replication is the primary driver for its complex classification. The KIID explicitly mentions 'Risk of Financial derivative Instruments' and 'Counterparty risk' as material risks."
    }
}