{
    "fund_name": "L&G E Fund MSCI China A UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Index (MSCI China A Onshore Index)",
        "Emerging Market Exposure",
        "Potential RQFII Quota Limitations"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with optimisation, tracking the MSCI China A Onshore Index. While the index itself contains emerging market risks and potential regulatory complexities (e.g., RQFII quota limitations), the fund does not use derivatives for leverage or synthetic replication. The risk profile (rated 6/7) reflects emerging market volatility but does not indicate complexity beyond typical equity ETF risks. The absence of swaps, leverage, or inverse strategies aligns with non-complex classification under MiFID II.",
    "confidence": 90
}