{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "physical",
        "ucits": false,
        "type": "ETP",
        "complex_factors": "Leverage (3x), Derivatives (implied), Compounding Effect, and targeted investor profile.",
        "classification": "complex",
        "supporting_data": "This ETP utilizes 3x leverage, implying the use of derivatives to achieve its investment objective. This leverages the daily performance of the ARK Innovation ETF. The Key Information Document (KID) explicitly states that the product is 'not simple and may be difficult to understand'. Compounding effects and the reliance on a daily rebalancing mechanism also contribute to the product's complexity, compounding risk and creating potential for significant losses. The target investor profile, as per the KID, is for sophisticated investors. This suggests the product's structure, leverage, and risk profile are not easily understood by the average retail investor. The product clearly states that the investment product is 3 times the daily performance which is not easy for retail investors to understand the risk of."
    }
}