{
    "fund_name": "iShares STOXX Europe 600 Financial Services UCITS ETF (DE)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated fund that tracks the STOXX Europe 600 Financial Services Index. It does not use leverage, swaps, or inverse strategies. The fund's investment objective is straightforward, focusing on equities from the European financial services sector. The replication method is physical, with at least 95% of assets matching the index weighting. The risk profile is rated as medium, and the fund is suitable for medium to long-term investment. There are no indications of complex underlying assets, capital protection mechanisms, or structured features. The use of derivatives is limited to efficient portfolio management, which does not trigger complexity under MiFID II. The fund's transparency, liquidity, and straightforward structure align with non-complex classification.",
    "confidence": 95
}