{
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "complex_factors": [
        "Inverse Exposure",
        "Daily Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares -1x Microsoft ETP is classified as complex due to its inverse exposure and the compounding effect resulting from daily rebalancing. The product explicitly states it is not simple and may be difficult to understand, targeting sophisticated investors only. The high risk indicator (6 out of 7) and the warning about potential losses due to compounding further support this classification. While it uses physical replication, the inverse nature and the need for daily monitoring make it unsuitable for retail investors without specialized knowledge.",
    "confidence": 95
}