Emirati Consumer Durables Defensive Blue Chips

Baxter International

Market Cap: US$11.3b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Marico

Market Cap: ₹1.1t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥76.1b

Engages in the generation and sale of electricity in China.

Maplebear

Market Cap: US$11.2b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥75.4b

Engages in the clean energy business in China.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Hong Leong Bank Berhad

Market Cap: RM 45.2b

Operates as a financial services company in Malaysia and internationally.

Suzhou Everbright Photonics

Market Cap: CN¥74.8b

Engages in the research, development, packaging, and sale of optoelectronic devices and systems in China and internationally.

Insulet

Market Cap: US$11.0b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Arab National Bank

Market Cap: ر.س41.4b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

BDO Unibank

Market Cap: ₱676.5b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Wintrust Financial

Market Cap: US$11.0b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

Budweiser Brewing Company APAC

Market Cap: HK$85.8b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Popular

Market Cap: US$10.9b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫286.1t

Provides various banking products and services in Vietnam and internationally.

Vanguard International Semiconductor

Market Cap: NT$350.1b

Engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally.

Ryan Specialty Holdings

Market Cap: US$10.9b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

UMB Financial

Market Cap: US$10.8b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Absa Group

Market Cap: R177.0b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Encompass Health

Market Cap: US$10.8b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Centrica

Market Cap: UK£8.0b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Orkla

Market Cap: NOK 104.1b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Japan Post Insurance

Market Cap: JP¥1.7t

Engages in the provision of life insurance products and services in Japan.

Quebecor

Market Cap: CA$15.1b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Chongqing Rural Commercial Bank

Market Cap: HK$84.0b

Provides banking and related financial services in the People’s Republic of China.

Busy Ming Group

Market Cap: HK$83.9b

Through its subsidiaries, operates as a food and beverage retailer in China.

China Zheshang Bank

Market Cap: HK$83.9b

Provides corporate and retail banking services in Mainland China.

TIM

Market Cap: R$54.3b

Engages in the telecommunications sector in Brazil.

CPFL Energia

Market Cap: R$54.0b

Through its subsidiaries, operates as an energy company in Brazil.

Mowi

Market Cap: NOK 102.3b

A seafood company, produces and sells Atlantic salmon products worldwide.

Interconexión Eléctrica E.S.P

Market Cap: Col$34.1t

Engages in the electric power, roads, and ICT and telecommunications business activities.