{
    "fund_name": "Amundi MSCI Indonesia UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "synthetic",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Synthetic replication using swaps",
        "Counterparty risk exposure",
        "Emerging market exposure"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses synthetic replication via an over-the-counter swap with Morgan Stanley Bank AG and Societe Generale, which introduces counterparty risk. While the fund tracks a straightforward equity index (MSCI Indonesia), the use of derivatives for replication and the emerging market exposure (Indonesia) contribute to complexity. The fact sheet explicitly mentions counterparty risk and replication risk, which are key complexity indicators under MiFID II. The fund is UCITS-compliant, but the synthetic structure and counterparty exposure make it complex for retail investors to fully understand without specialist knowledge.",
    "confidence": 90
}