{
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [
        "Leverage",
        "Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares 3x UBER ETP is classified as complex due to its 3x leverage factor, which amplifies both gains and losses. The product explicitly states it is designed for sophisticated investors who understand the risks of leverage and daily rebalancing. The compounding effect, high risk indicator (7 out of 7), and the potential for significant losses due to volatility further contribute to its complexity. While the replication method is physical, the leverage and associated risks make it unsuitable for retail investors without specialized knowledge.",
    "confidence": 95,
    "risk_level": 7,
    "counter_argument": "Some might argue that the physical replication method and lack of direct derivative usage could suggest non-complexity. However, the leverage factor and the compounding effect introduce significant complexity, making it difficult for retail investors to fully understand the risks involved. The high risk profile and the explicit warnings about potential losses override any arguments for non-complexity."
}