{
    "fund_name": "Leverage Shares 3x Long Mercedes Benz (MBG) ETP",
    "type": "ETP",
    "ucits": false,
    "replication_method": "physical",
    "leverage": true,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [
        "Leverage (3x)",
        "Daily rebalancing with compounding effect",
        "High risk profile (Class 7/7)",
        "Short-term holding recommendation (1 day)",
        "Potential for significant losses"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its 3x leverage, daily rebalancing mechanism, and high-risk profile (Class 7/7). The KIID explicitly states that the product is not simple and may be difficult to understand. The recommended holding period is 1 day, and holding it for longer periods may result in returns that differ significantly from the expected 3x return due to compounding effects. The product is designed for sophisticated investors who can monitor their investment frequently and understand the risks of leveraged products. The risk indicator is the highest possible (7/7), indicating very high risk. The product does not offer capital protection, and investors may lose some or all of their investment. The underlying asset is held in a margin account, and the issuer's payment obligations are funded by liquidating collateral assets. The product is not UCITS compliant, and the issuer is regulated by the Central Bank of Ireland and the Financial Conduct Authority.",
    "confidence": 95
}