{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthethic",
        "ucits": true,
        "type": "ETP",
        "complex_factors": "Leverage, Daily reset compounding, Short exposure via derivatives",
        "classification": "complex",
        "supporting_data": "The WisdomTree Magnificent 7 3x Daily Short ETP is classified as complex due to several factors. Firstly, it provides a leveraged short exposure to the Magnificent 7 index, with a leverage factor of -3. Leverage itself is a complex feature introducing risks beyond standard market volatility. Secondly, the ETP's performance is derived from a daily reset of the leverage, leading to a compounding effect. For periods longer than one day, the return of the product is not the same as the return of the Index multiplied by the leverage factor, this also indicates complexity. Thirdly, this ETP involves an investment strategy of providing short exposure to the Magnificent 7. This short exposure is an inverse product achieved through the use of derivatives, like swaps and futures. All of these components are elements that drive the MiFID II complex asset determination."
    }
}