{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "Synthetic replication through swaps introduces counterparty and collateral risk. The fund tracks a swap index.",
        "classification": "complex",
        "supporting_data": "The Xtrackers MSCI World Swap UCITS ETF uses synthetic replication via swaps to track the MSCI World Net Total Return index. This method introduces counterparty risk. The KID states the ETF is classified as category 6 on the risk scale, which implies higher volatility. ESMA's guidance views derivative use, even for risk management, as a complexity factor and any use of swaps must be considered complex according to ESMA's guidelines. The prospectus also states the fund invests in derivatives with one or more counterparties and in addition specifies that counterparty risk is present. This will make the asset complex. The ETF also does not invest directly in the components of the index so the holding of any securities in the index is obscured which increases the complexity and also increases the risk of a retail client lacking an easy understanding of the product."
    }
}