{
    "fund_name": "Amundi MSCI India II UCITS ETF USD Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "synthetic",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Synthetic replication using swaps",
        "Counterparty risk exposure"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses synthetic replication through over-the-counter total return swaps, which introduces counterparty risk and derivative exposure. While the underlying index (MSCI India) is straightforward, the use of swaps for replication triggers complexity under MiFID II. The KIID explicitly mentions counterparty risk and derivative-related risks, which are key complexity indicators. The fact sheet confirms the use of swaps with specific counterparties (Morgan Stanley, Societe Generale), further supporting the complex classification. The ETF does not use leverage or inverse strategies, but the synthetic structure and counterparty risk are sufficient to classify it as complex.",
    "confidence": 90
}