{
    "name": "Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [
        "Derivative usage for risk management",
        "ESG methodology complexity"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication to track the Bloomberg Barclays MSCI EUR Corporate Liquid SRI Sustainable Index, which consists of investment-grade corporate bonds. While the KIID mentions the use of financial derivative instruments, it specifies these are for risk management purposes rather than as a core strategy. The ETF does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are straightforward corporate bonds, and the risk profile is moderate (SRRI 3-4). The ESG methodology adds some complexity but is not sufficient to classify the product as complex under MiFID II. The derivative usage is limited to efficient portfolio management (EPM) and does not introduce significant additional risk or require specialist knowledge.",
    "confidence": 90,
    "counter_argument": "The mention of derivatives in the risk section could suggest complexity. However, the factsheet clarifies that derivatives are used for risk management rather than as a primary investment strategy. The ETF's physical replication and straightforward bond holdings outweigh this factor, supporting a non-complex classification."
}