{
    "fund_name": "WisdomTree Short SEK Long EUR",
    "type": "ETP",
    "ucits": true,
    "replication_method": "synthetic",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": true,
    "complex_factors": [
        "Synthetic replication using unfunded swaps",
        "Inverse exposure to SEK/EUR currency pair",
        "Counterparty risk from swap agreements",
        "Complex index tracking (MSFXSM Short Swedish Krona/Euro Total Return Index)"
    ],
    "classification": "complex",
    "supporting_data": "The ETP uses synthetic replication via unfunded swaps to achieve inverse exposure to the SEK/EUR currency pair. While fully collateralized, the use of swaps introduces counterparty risk and requires understanding of FX forward contracts and rolling costs. The inverse nature of the exposure (short SEK) and the complex index tracking methodology make this product unsuitable for retail investors without specific knowledge of FX derivatives and currency markets. The PRIIPs KID explicitly states this is not a simple product and may be difficult to understand, reinforcing the complexity classification.",
    "risk_level": "medium-low (3/7)",
    "confidence": 90
}