{
    "type": "ETP",
    "ucits": false,
    "replication_method": "physical",
    "leverage": true,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [
        "Leverage (2x daily performance)",
        "Short-term holding recommendation (1 day)",
        "High risk profile (risk indicator 6/7)",
        "Potential for compounding effects",
        "Margin usage for leverage"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex primarily due to its leveraged nature (2x daily performance), which introduces significant risk and complexity beyond simple index tracking. While it uses physical replication of the underlying asset (Goldman Sachs stock), the leverage factor and margin usage create a materially different risk profile. The recommended holding period of 1 day and the high risk indicator (6/7) further support this classification. The product's documentation explicitly states it is not suitable for retail investors without sophisticated knowledge, which aligns with MiFID II's complexity criteria. The compounding effect and potential for magnified losses are additional complexity factors.",
    "confidence": 90
}