{
    "fund_name": "AMUNDI ETF MSCI FRANCE UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI France Index, with no leverage, inverse exposure, or synthetic replication via swaps. The fact sheet explicitly states 'Replication type: Physical', and the KIID confirms the fund aims to replicate the index through direct investment in underlying securities. There is no mention of derivative instruments beyond standard efficient portfolio management, and the risk profile is straightforward (equity exposure to French stocks). The fund is UCITS-compliant, further indicating a non-complex structure. The absence of complex features like capital protection, structured products, or contingent bonds supports the non-complex classification.",
    "confidence": 95
}