Emirati Materials Defensive Blue Chips

Wintrust Financial

Market Cap: US$10.7b

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

Orkla

Market Cap: NOK 104.1b

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

BDO Unibank

Market Cap: ₱656.2b

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

Alchip Technologies

Market Cap: NT$343.3b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

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

Far EasTone Telecommunications

Market Cap: NT$342.7b

Provides mobile telecommunications services in Taiwan and internationally.

Silicon Motion Technology

Market Cap: US$10.6b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Jiangsu Leadmicro Nano-Equipment Technology

Market Cap: CN¥71.8b

Engages in manufacturing high-end micro-nano equipment for semiconductor and pan-semiconductor.

ASMPT

Market Cap: HK$82.6b

An investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries internationally.

Manila Electric

Market Cap: ₱649.2b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥71.6b

Engages in the clean energy business in China.

Budweiser Brewing Company APAC

Market Cap: HK$82.1b

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

Zhejiang Zheneng Electric Power

Market Cap: CN¥71.2b

Zhejiang Zheneng Electric Power Co., Ltd.

Discovery

Market Cap: R171.5b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

SD Guthrie Berhad

Market Cap: RM 42.6b

Operates as an integrated plantations company in Malaysia and internationally.

SICC

Market Cap: CN¥70.9b

Engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally.

Lotus Bakeries

Market Cap: €9.1b

Provides various snack products in Belgium and internationally.

Centrica

Market Cap: UK£7.8b

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

Alpha Bank

Market Cap: €9.1b

Provides various banking and financial products and services in Greece and internationally.

Globus Medical

Market Cap: US$10.3b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

TIM

Market Cap: R$53.2b

Engages in the telecommunications sector in Brazil.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Globalstar

Market Cap: US$10.3b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Henan Shijia Photons Technology

Market Cap: CN¥69.9b

Henan Shijia Photons Technology Co., Ltd.

United Spirits

Market Cap: ₹980.7b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Novatek Microelectronics

Market Cap: NT$329.8b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$80.1b

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

China Zheshang Bank

Market Cap: HK$80.1b

Provides corporate and retail banking services in Mainland China.

Taiwan Mobile

Market Cap: NT$328.8b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Interconexión Eléctrica E.S.P

Market Cap: Col$34.0t

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

Busy Ming Group

Market Cap: HK$79.7b

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

CPFL Energia

Market Cap: R$52.4b

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

Zions Bancorporation National Association

Market Cap: US$10.1b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

OPC Energy

Market Cap: ₪30.6b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

J Sainsbury

Market Cap: UK£7.5b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.