{
    "name": "Amundi MSCI Eastern Europe Ex Russia UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "synthetic",
    "complex_factors": [
        "Swaps",
        "Counterparty Risk",
        "Financial Derivative Instruments"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses synthetic replication via an over-the-counter swap contract (financial derivative instrument) to achieve its investment objective. This introduces counterparty risk with entities like Morgan Stanley Bank AG and Societe Generale, which is explicitly mentioned in the risk disclosures. The presence of financial derivative instruments (FDIs) and the associated risks such as leverage risk, high volatility risk, and liquidity risk further contribute to the complexity. The KIID and factsheet both highlight the risks associated with the use of derivatives and swaps, which are key indicators of complexity under MiFID II regulations.",
    "confidence": 95,
    "risk_level": 5,
    "counterparty_risk": true,
    "liquidity_risk": true,
    "benchmark_complexity": "moderate",
    "additional_notes": "While the ETF does not use leverage or inverse strategies, the use of synthetic replication and the associated counterparty risks are sufficient to classify it as complex under MiFID II. The factsheet confirms the synthetic replication method and the presence of counterparty risk, reinforcing the classification."
}