{
    "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. It primarily invests in equity securities of large and mid-cap companies in the European Economic and Monetary Union (EMU). The KIID and factsheet indicate that the ETF uses physical replication, holding the underlying securities of the index. While the ETF may use financial derivative instruments (FDIs) for currency hedging and efficient portfolio management, these are not used for leverage or synthetic replication. The risk profile is rated 6 out of 7, but this is due to the nature of equity investments rather than structural complexity. The ETF does not exhibit any of the key complexity indicators such as leverage, inverse exposure, or synthetic replication. The use of derivatives is limited to hedging and efficient portfolio management, which does not trigger complexity under MiFID II.",
    "confidence": 95
}