Emirati Materials Defensive Blue Chips

Entergy

Market Cap: US$49.4b

Engages in the production and retail distribution of electricity in the United States.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

United Microelectronics

Market Cap: NT$1.6t

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Danone

Market Cap: €42.1b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Holcim

Market Cap: CHF 39.4b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Coca-Cola Europacific Partners

Market Cap: €41.7b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

DNB Bank

Market Cap: NOK 452.4b

Provides financial services to individuals and businesses in Norway and internationally.

RWE

Market Cap: €41.3b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.9b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Astera Labs

Market Cap: US$48.1b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.

Wal-Mart de México. de

Market Cap: Mex$805.5b

Owns and operates self-service stores in Mexico and Central America.

Cathay Financial Holding

Market Cap: NT$1.5t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

ASM International

Market Cap: €40.6b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

Danske Bank

Market Cap: DKK 300.4b

Provides various banking products and services to corporate, institutional, and international clients.

Humana

Market Cap: US$46.4b

Provides medical and specialty insurance products in the United States.

Heineken

Market Cap: €39.7b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

MS&AD Insurance Group Holdings

Market Cap: JP¥7.3t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

PICC Property and Casualty

Market Cap: HK$359.4b

Engages in property and casualty insurance business in People’s Republic of China.

Ambev

Market Cap: R$235.7b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Vistra

Market Cap: US$45.5b

Operates as an integrated retail electricity and power generation company in the United States.

Skandinaviska Enskilda Banken

Market Cap: SEK 427.9b

Provides corporate, retail, investment, and private banking services.

Shanghai Pudong Development Bank

Market Cap: CN¥302.4b

Provides commercial banking products and services in China and internationally.

STMicroelectronics

Market Cap: €38.0b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Sun Life Financial

Market Cap: CA$61.0b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

IDEXX Laboratories

Market Cap: US$44.1b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Cerebras Systems

Market Cap: US$44.1b

Operates as an artificial intelligence infrastructure company.

Bank Central Asia

Market Cap: Rp786.2t

Provides commercial banking and other financial services.

Swedbank

Market Cap: SEK 414.7b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

People's Insurance Company (Group) of China

Market Cap: HK$340.1b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

KB Financial Group

Market Cap: ₩58.8t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥285.3b

Provides insurance products to in the People’s Republic of China.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق153.7b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Kotak Mahindra Bank

Market Cap: ₹4.0t

Provides a range of banking and financial services to corporate and individual customers in India.

Adani Power

Market Cap: ₹4.0t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Credo Technology Group Holding

Market Cap: US$41.5b

Provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.

Power Corporation of Canada

Market Cap: CA$57.4b

An international management and holding company, provides financial services in North America, Europe, and Asia.