{
    "type": "ETP",
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares 3x Long China Tech ETP is classified as complex due to its 3x leverage, which amplifies both gains and losses. The product explicitly states it is not simple and may be difficult to understand, targeting only sophisticated investors. The compounding effect from daily rebalancing introduces additional complexity, as returns over longer periods may deviate significantly from 3x the underlying asset's performance. The high risk indicator (7 out of 7) and warnings about potential total loss of investment further support this classification. While the replication method is physical, the leverage and compounding risks make it unsuitable for retail investors without specialized knowledge.",
    "confidence": 95
}