{
    "ucits": true,
    "type": "ETP",
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": true,
    "replication_method": "synthetic",
    "complex_factors": "Leverage, Daily Reset, Synthetic Replication, High Risk Profile, Compounding Effect, Counterparty Risk, Issuer Risk, No Capital Protection, No Investor Compensation",
    "classification": "complex",
    "supporting_data": "The WisdomTree EURO STOXX 50u00ae 3x Daily Short ETP is a UCITS-eligible, leveraged, inverse product that provides -3x the daily performance of the EURO STOXX 50 Index. It uses synthetic replication (likely via futures and/or swaps) to achieve its objective, introducing counterparty and issuer risk. The product resets leverage daily, leading to a compounding effect that can cause significant deviation from the index over time, especially in volatile markets. The KID explicitly states this product is not simple and may be difficult to understand, targets informed retail investors, and carries the highest risk indicator (7/7). There is no capital protection or investor compensation, and the issuer may terminate the product unilaterally. These featuresu2014leverage, daily reset, synthetic replication, high risk, and complex payoff structureu2014make the product difficult for the average retail investor to understand, overriding the general UCITS presumption of non-complexity. Under MiFID II Article 57 and ESMA guidance, such features render the product complex, requiring an appropriateness assessment."
}