{
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "Leverage (2x)",
        "Short-term trading focus",
        "High risk profile (Class 6/7)",
        "Daily rebalancing complexity"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex primarily due to its 2x leverage, which magnifies both gains and losses, making it unsuitable for retail investors without sophisticated knowledge. While it uses physical replication (owning the underlying asset with margin), the daily rebalancing and compounding effects introduce additional complexity. The risk profile (Class 6/7) and the requirement for investors to monitor positions intraday further support this classification. The PRIIPs KID and fact sheet confirm the leveraged nature and the need for active management, reinforcing the complexity determination. The absence of derivatives or swaps does not mitigate the complexity due to the leverage and trading requirements.",
    "confidence": 90
}