{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The INQQ India Internet UCITS ETF employs a physical replication or representative sampling methodology, investing directly in the underlying securities of the Index. There is no mention of synthetic replication, swaps, leverage, or complex derivatives. The fund's objective is straightforward: tracking the performance of an index composed of Indian internet and e-commerce companies. The risk profile (level 6) is primarily due to the nature of the investments (emerging market equities) rather than structural complexity. The KIID does not indicate the use of derivatives beyond standard portfolio management, and there are no references to complex instruments like contingent bonds or structured products. The fund is UCITS-compliant, which imposes additional investor protection and transparency requirements.",
    "confidence": 95
}