{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "Synthetic replication via swaps. The over-the-counter swap contracts (financial derivative instruments) used to achieve the fund's investment objective introduce counterparty risk and collateral risk, which are difficult for retail investors to understand. The use of derivatives is central to the investment strategy and potentially introduces leverage through derivatives. The KID states the instrument is complex.",
        "classification": "complex",
        "supporting_data": "The Amundi MSCI AC Asia Pacific Ex Japan UCITS ETF Acc is classified as complex due to its use of over-the-counter (OTC) swap contracts for indirect replication of the index. This synthetic replication method introduces counterparty risk, collateral risk, and the inherent complexity of understanding swap contracts, making it difficult for the average retail investor to fully understand the product's risks and structure. The KID confirms this classification. ESMA and other regulatory agencies state that the use of any swap contracts make assets complex assets."
    }
}