{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETP",
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "complex_factors": "Leverage, Daily rebalancing, Compounding effect, and the use of derivatives through the 3x Long China Investment Strategy",
        "classification": "complex",
        "supporting_data": "The Leverage Shares 3x Long China ETP Securities (ETP) is classified as complex. This determination stems from the product's structure, which aims to provide 3x the daily performance of the iShares MSCI China ETF. The use of leverage, inherent in the 3x return objective, and the reliance on a 3x Long China Investment Strategy, which provides exposure to three times the daily performance of the iShares MSCI China ETF, involve the use of derivatives, which are key elements that render it a complex financial instrument as per MiFID II. The KID explicitly states that the ETP is not simple and may be difficult to understand, targeting sophisticated investors who can monitor their investments frequently and understand the risks of compounded returns and leveraged products. The daily rebalancing needed to maintain the 3x leverage introduces a compounding effect, which becomes increasingly complex over longer holding periods, and also the potential for substantial losses, as demonstrated by the risk indicator of 7 out of 7 and performance scenarios, support the complex classification as they pose significant challenges for an average retail investor to easily grasp the risk profile."
    }
}