Emirati Telecom Defensive Blue Chips

Indian Bank

Market Cap: ₹1.0t

Provides various banking products and services.

Baloise Holding

Market Cap: CHF 9.2b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Raiffeisen Bank International

Market Cap: €9.9b

Offers banking services to corporate, private, and institutional customers.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.8b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Acciona

Market Cap: €9.9b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ41.7b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

HKT Trust and HKT

Market Cap: HK$88.1b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

SinoPac Financial Holdings

Market Cap: NT$341.3b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م102.0b

Provides various telecommunication solutions in Morocco and internationally.

China Resources Beer (Holdings)

Market Cap: HK$86.7b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥79.2b

Beijing E-Town Semiconductor Technology Co., Ltd.

Osaka Gas

Market Cap: JP¥1.7t

Provides gas, electricity, and other energy products and services in Japan and internationally.

JCET Group

Market Cap: CN¥78.9b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥78.9b

Provides a range of banking products and services to individual and corporate customers in China.

Mowi

Market Cap: NOK 110.5b

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

IDBI Bank

Market Cap: ₹981.2b

Provides banking and financial solutions to retail and corporate customers in India.

Skyworks Solutions

Market Cap: US$11.0b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Kinsale Capital Group

Market Cap: US$11.0b

Engages in the provision of property and casualty insurance products in the United States.

Molina Healthcare

Market Cap: US$11.0b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces.

Globe Life

Market Cap: US$11.0b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Taiwan Mobile

Market Cap: NT$334.2b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Piraeus Financial Holdings

Market Cap: €9.4b

Provides banking products and services in Greece and internationally.

China Zheshang Bank

Market Cap: HK$85.1b

Provides various commercial banking products and services in Mainland China.

Assurant

Market Cap: US$10.9b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Industrial Bank of Korea

Market Cap: ₩15.4t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Anhui Gujing Distillery

Market Cap: CN¥77.5b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Jentech Precision Industrial

Market Cap: NT$331.6b

Manufactures and sells precision molds and its material worldwide.

Tsingtao Brewery

Market Cap: CN¥77.2b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

ING Bank Slaski

Market Cap: zł39.6b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫284.1t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫284.0t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Far EasTone Telecommunications

Market Cap: NT$328.8b

Engages in the provision of telecommunications and digital application services in Taiwan.

Waaree Energies

Market Cap: ₹955.9b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Krung Thai Bank

Market Cap: ฿349.4b

Engages in commercial banking business in Thailand and internationally.

mBank

Market Cap: zł39.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Unigroup Guoxin Microelectronics

Market Cap: CN¥76.1b

Unigroup Guoxin Microelectronics Co., Ltd.