{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETP",
        "complex_factors": "The product is a leveraged ETP designed to achieve long-term growth by capitalising market inefficiencies triggered by significant corporate events impacting US stocks. The ETPs have a scheduled maturity date.",
        "classification": "complex",
        "supporting_data": "This Relay Race ETP (XS3068791030) is classified as complex. The productu2019s objective to achieve long-term growth and the intended retail investorsu2019 knowledge profile (experience with similar products, understanding the risks and rewards) points to this product not being a simple instrument. The product has a scheduled maturity.The Key Information Document (u201cKIDu201d) states:  u201cYou are about to purchase a product that is not simple and may be difficult to understand.u201d This alerts investors to the complexity.The Relay Race Investment Strategy aims to achieve long-term growth by capitalising market inefficiencies triggered by significant corporate events impacting US stocks (popularly known as u201cevent -driven strategiesu201d), focusing mainly on small - and mid -cap st ocks, with a typical investment horizon of one to two days. The types of events that are traded include capital increases, initial public offerings, mergers and acquisitions, changes in beneficial ownership, analyst reports, and quarterly and annual result s, primarily taking long positions but occasionally short positions in those stocks. When event -driven investment opportunities are limited, the Relay Race Investment Strategy reallocates exposure to any or all of the three of the following US ETFs: SPDR S &P 500 ETF Trust, Invesco QQQ Trust, Series 1 and iShares Russell 2000 ETF."
    }
}