{
    "type": "ETC",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree Physical Gold - EUR Daily Hedged is a physically backed ETC that tracks the MS Long Gold Euro Hedged Index. It holds allocated physical gold bars conforming to LBMA standards, with no synthetic replication, leverage, or derivative usage beyond currency hedging. The risk level is classified as 4 out of 7 (medium risk), and the product is designed for retail investors with a clear, linear relationship to the underlying gold price. There are no capital protection mechanisms, structured features, or complex underlying assets. The costs are straightforward, with no performance fees or complex fee structures.",
    "confidence": 95
}