{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Core MSCI EMU UCITS ETF is a physically replicated ETF that aims to track the MSCI EMU Index by holding the underlying equity securities. While the KIID mentions the use of financial derivative instruments (FDIs) for currency hedging and potential direct investment purposes, the primary replication method is physical. The derivatives are used for hedging currency risk rather than as a core part of the investment strategy. The ETF does not employ leverage, inverse strategies, or complex underlying assets. The risk profile is rated 6, but this is primarily due to the nature of equity investments rather than structural complexity. The ETF is UCITS-compliant, which imposes additional investor protection and transparency requirements. The absence of synthetic replication, leverage, or complex derivatives usage supports the non-complex classification.",
    "confidence": 95
}