Emirati Consumer Services Defensive Blue Chips

Ajinomoto

Market Cap: JP¥5.1t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Bank of Jiangsu

Market Cap: CN¥211.6b

Provides various banking products and services in China.

Talanx

Market Cap: €26.8b

Provides insurance and reinsurance products and services worldwide.

CEZ a. s

Market Cap: Kč647.9b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

Ping An Bank

Market Cap: CN¥209.2b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Swiss Life Holding

Market Cap: CHF 24.5b

Provides life, pensions, and financial solutions for private and corporate clients.

Amrize

Market Cap: CHF 24.4b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Piotech

Market Cap: CN¥208.3b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Bank of Ningbo

Market Cap: CN¥207.6b

Provides various personal and business banking products and services in the People's Republic of China.

Naturgy Energy Group

Market Cap: €26.5b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Grupo Financiero Banorte. de

Market Cap: Mex$525.8b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Ørsted

Market Cap: DKK 196.6b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Veolia Environnement

Market Cap: €26.3b

Designs and provides water, waste, and energy management solutions.

Bank Hapoalim B.M

Market Cap: ₪88.8b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

Resona Holdings

Market Cap: JP¥4.9t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Centene

Market Cap: US$30.3b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

Tower Semiconductor

Market Cap: US$30.3b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Svenska Handelsbanken

Market Cap: SEK 279.1b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Yuanjie Semiconductor Technology

Market Cap: CN¥200.1b

Yuanjie Semiconductor Technology Co., Ltd.

Avenue Supermarts

Market Cap: ₹2.8t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Lasertec

Market Cap: JP¥4.7t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

AXIA Energia

Market Cap: R$150.1b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

Gulf Development

Market Cap: ฿959.9b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Credicorp

Market Cap: US$28.9b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Muyuan Foods Group

Market Cap: CN¥195.2b

Operates as a pork company in the hog farming industry in China.

GE HealthCare Technologies

Market Cap: US$28.8b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Nestlé India

Market Cap: ₹2.7t

Engages in the manufacture and sale of food products in India and internationally.

DexCom

Market Cap: US$28.6b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥192.4b

Foshan Haitian Flavouring and Food Company Ltd.

Citizens Financial Group

Market Cap: US$28.4b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

First Solar

Market Cap: US$28.4b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Winbond Electronics

Market Cap: NT$895.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Atmos Energy

Market Cap: US$28.3b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

China National Nuclear Power

Market Cap: CN¥191.3b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

Kraft Heinz

Market Cap: US$28.2b

Manufactures and markets food and beverage products in North America and internationally.

Power Grid Corporation of India

Market Cap: ₹2.7t

An electric power transmission utility, engages in the power transmission business in India and internationally.