{
    "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 Amundi MSCI Korea UCITS ETF Acc uses synthetic replication via an over-the-counter swap contract (financial derivative instrument) to achieve its investment objective. The KIID explicitly mentions the use of 'financial derivative instruments' and highlights risks associated with these instruments, including leverage risk, high volatility risk, and counterparty risk. The presence of swap agreements with counterparties like Morgan Stanley Bank AG and Societe Generale introduces additional complexity and risk, particularly counterparty risk, which is a key indicator of complexity under MiFID II. The fund's risk profile also includes extensive disclosures about derivative-related risks, further supporting the classification as a complex instrument.",
    "confidence": 95
}