{
    "fund_name": "Leverage Shares 3x AMD ETP",
    "type": "ETP",
    "ucits": false,
    "replication_method": "physical",
    "leverage": true,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [
        "3x daily leverage",
        "High volatility risk",
        "Short-term trading focus",
        "Potential for significant losses"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex primarily due to its 3x daily leverage, which magnifies both gains and losses and requires sophisticated understanding. While it uses physical replication (owning the underlying AMD stock with margin), the leveraged nature and daily rebalancing make it unsuitable for retail investors without frequent monitoring. The risk indicator (7/7) and warnings about compounding effects further support this classification. The product is not UCITS-compliant and is explicitly intended for sophisticated traders who can monitor positions intraday. The fact sheet confirms physical replication but highlights the high-risk nature of leveraged products.",
    "confidence": 95
}