{
    "fund_name": "Amundi MSCI New Energy ESG Screened UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Index",
        "ESG Screening Methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI ACWI IMI New Energy ESG Filtered Net Total Return Index. There is no mention of synthetic replication, swaps, or leverage. The index itself is complex due to its ESG screening methodology and focus on new energy sectors, but the ETF's straightforward physical replication approach and UCITS compliance make it suitable for retail investors. The risk profile is clearly communicated as 'Level 3' (moderate risk), and the fund's objective is to replicate the index's performance directly through investment in its components. The fact sheet confirms the use of physical replication and provides transparency on holdings and performance. The ESG screening and thematic focus do not inherently make the ETF complex under MiFID II, as the underlying strategy is transparent and the risks are clearly disclosed.",
    "confidence": 90
}