{
    "fund_name": "Leverage Shares 2x Microsoft ETP",
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "inverse": false,
    "derivatives": true,
    "swaps": false,
    "replication_method": "physical",
    "complex_factors": [
        "Leverage (2x daily)",
        "Short-term holding recommendation (1 day)",
        "High risk profile (Class 6/7)",
        "Potential for compounding effect",
        "No capital protection"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its leveraged nature (2x daily), which magnifies both gains and losses. The recommended holding period of 1 day indicates it is designed for short-term trading, which is not suitable for retail investors who may not understand the risks of daily rebalancing and compounding. The risk indicator of 6/7 further supports this classification, as it is the second-highest risk class. The product does not use swaps or synthetic replication, but the leverage factor and the potential for significant losses make it complex. The fact that it is not UCITS-compliant and is intended for sophisticated investors also supports this classification.",
    "confidence": 90
}