{
    "fund_name": "Amundi MSCI Emerging Ex China ESG Selection - UCITS ETF DR",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Tracking complex ESG indices",
        "Emerging market exposure",
        "Potential for counterparty risk in securities lending"
    ],
    "classification": "non-complex",
    "confidence": 85,
    "supporting_data": "The ETF uses physical replication to track the MSCI EM ex China ESG Selection P-Series 5% Issuer Capped Index, which is a straightforward equity index. While the index itself is complex due to its ESG screening and issuer capping, the ETF's implementation is relatively simple. The use of derivatives is limited to managing inflows/outflows and securities lending, which are common practices in ETFs and do not significantly alter the risk profile. The ETF's risk profile (SRRI 4) is moderate and aligns with its equity exposure. The main complexity factors are the underlying index's ESG methodology and emerging market exposure, but these do not trigger a 'complex' classification under MiFID II. The absence of leverage, inverse strategies, or synthetic replication supports the non-complex determination."
}