{
    "type": "ETC",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The AMUNDI PHYSICAL GOLD ETC is a physically backed gold ETC with no leverage, inverse exposure, or derivative usage beyond what is necessary for efficient portfolio management. The ETC is backed by physical allocated gold held by HSBC Bank plc, with each bar segregated and individually identified. The risk indicator is classified as 4 out of 7, indicating medium risk, and the costs are straightforward with a management fee of 0.12%. The ETC does not use synthetic replication, swaps, or other complex financial instruments. The KIID explicitly states that the ETC provides exposure to physical gold and is valued based on the LBMA gold price, with no capital protection or complex features. The factsheet confirms the physical replication method and the absence of derivatives or leverage.",
    "confidence": 95
}