Emirati Consumer Retailing Defensive Blue Chips

Grupo Bimbo. de

Market Cap: Mex$257.5b

Produces, distributes, and sells various bakery products.

Brookfield Wealth Solutions

Market Cap: US$13.1b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Admiral Group

Market Cap: UK£9.9b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

ASR Nederland

Market Cap: €11.6b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Hologic

Market Cap: US$13.1b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Mashreqbank PSC

Market Cap: د.إ47.9b

Provides various banking and financial services to individuals and corporates.

Bank Polska Kasa Opieki

Market Cap: zł49.4b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

CNA Financial

Market Cap: US$13.0b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Pilgrim's Pride

Market Cap: US$13.0b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Etihad Etisalat

Market Cap: ر.س48.5b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Bank of Hangzhou

Market Cap: CN¥93.4b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Hana Financial Group

Market Cap: ₩18.1t

Through its subsidiaries, provides financial services in South Korea.

Unipol Assicurazioni

Market Cap: €11.3b

Provides insurance products and services primarily in Italy.

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.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Align Technology

Market Cap: US$12.7b

Designs, manufactures, and markets Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Kansai Electric Power Company

Market Cap: JP¥1.8t

Engages in electricity, gas and heat supply, and telecommunication businesses in Japan.

Albertsons Companies

Market Cap: US$12.7b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

WH Group

Market Cap: HK$98.1b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Guangdong Haid Group

Market Cap: CN¥91.9b

Researches, develops, produces, sells, and services animal feed products in China and internationally.

Performance Food Group

Market Cap: US$12.6b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

True Corporation

Market Cap: ฿418.1b

Provides telecommunications and value-added services in Thailand.

Rede D'Or São Luiz

Market Cap: R$71.1b

Operates a network of hospitals in Brazil.

Smith & Nephew

Market Cap: UK£9.4b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Reinsurance Group of America

Market Cap: US$12.4b

Provides reinsurance and financial solutions.

Insurance Australia Group

Market Cap: AU$19.3b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

FinecoBank Banca Fineco

Market Cap: €10.7b

Provides banking, credit, trading and investment services in Italy.

Bajaj Housing Finance

Market Cap: ₹1.0t

Provides housing finance services in India.

Banque Saudi Fransi

Market Cap: ر.س45.3b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Tokyo GasLtd

Market Cap: JP¥1.8t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

Fisher & Paykel Healthcare

Market Cap: NZ$20.4b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

SCB X

Market Cap: ฿400.7b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 53.1b

Produces and supplies hydro, wind, and energy electricity in Romania.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.