{
    "fund_name": "iShares MSCI World GBP Hedged UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "inverse": false,
    "derivatives": true,
    "swaps": true,
    "replication_method": "physical",
    "complex_factors": [
        "Currency hedging using FX forwards",
        "Optimised replication techniques",
        "Counterparty risk from derivatives"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication with optimised techniques and FX forwards for currency hedging. While derivatives are used, they are for efficient portfolio management and hedging rather than leverage or complex strategies. The underlying assets are straightforward equities, and the risk profile is transparent. The PRIIPs KID confirms a 'physical' product structure, and the fact sheet shows no leverage or inverse exposure. The complexity factors are minimal and typical for a hedged equity ETF.",
    "confidence": 90
}