{
    "type": "ETC",
    "ucits": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree Physical Precious Metals ETC is physically backed by allocated precious metals held by HSBC Bank plc, with no leverage, derivatives, or swaps involved. The replication method is physical, and the product is designed to track the spot price of the underlying metals directly. The risk level is rated 4 out of 7, indicating medium risk, and the costs are straightforward with no performance fees or complex fee structures. The product is intended for retail investors with basic knowledge of financial markets, and there are no capital protection mechanisms or structured features. The ETC is fully collateralized and does not involve counterparty risk beyond standard custodial arrangements.",
    "confidence": 95
}