{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI Emerging Markets Index, with direct investments in underlying securities. While derivatives are mentioned for managing inflows/outflows and improving index exposure, this is explicitly stated as being for efficient portfolio management (EPM) purposes rather than as a core strategy. The risk profile is transparent, with no leverage, inverse exposure, or complex underlying assets. The SRRI risk level is moderate, and there are no capital protection mechanisms or structured features. The ETF is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}