Emirati Utilities Defensive Blue Chips

FBC Holdings

Market Cap: US$5.5b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

People's Insurance Company (Group) of China

Market Cap: HK$333.9b

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

PICC Property and Casualty

Market Cap: HK$331.0b

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

Bank Central Asia

Market Cap: Rp758.8t

Provides commercial banking and other financial services.

Consolidated Edison

Market Cap: US$41.6b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Rocket Companies

Market Cap: US$41.4b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Daiichi Life Group

Market Cap: JP¥6.7t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Samsung Life Insurance

Market Cap: ₩62.1t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Wuliangye YibinLtd

Market Cap: CN¥277.5b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Sysco

Market Cap: US$40.5b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Skandinaviska Enskilda Banken

Market Cap: SEK 391.4b

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

MS&AD Insurance Group Holdings

Market Cap: JP¥6.6t

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

KB Financial Group

Market Cap: ₩60.7t

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

Power Corporation of Canada

Market Cap: CA$57.0b

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

Cerebras Systems

Market Cap: US$40.0b

Operates as an artificial intelligence infrastructure company.

ACWA Power

Market Cap: ر.س150.1b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Japan Post Holdings

Market Cap: JP¥6.5t

Provides postal, banking, and insurance services in Japan.

Tesco

Market Cap: UK£29.7b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

SSE

Market Cap: UK£29.5b

Engages in the generation, transmission, distribution, and supply of electricity.

China Pacific Insurance (Group)

Market Cap: CN¥268.2b

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

Swisscom

Market Cap: CHF 31.9b

Provides telecommunication services in Switzerland, Italy, and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$687.1b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Fairfax Financial Holdings

Market Cap: CA$55.6b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Vulcan Materials

Market Cap: US$38.9b

Produces and supplies construction aggregates in the United States.

OTP Bank Nyrt

Market Cap: Ft12.2t

Provides various commercial banking services.

Banca Monte dei Paschi di Siena

Market Cap: €33.8b

Provides various banking products and services in Italy and internationally.

Kotak Mahindra Bank

Market Cap: ₹3.7t

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

Hartford Insurance Group

Market Cap: US$38.3b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Nanya Technology

Market Cap: NT$1.2t

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

PG&E

Market Cap: US$37.8b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Telstra Group

Market Cap: AU$54.5b

Provides telecommunications and information services in Australia and internationally.

Archer-Daniels-Midland

Market Cap: US$37.7b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Intact Financial

Market Cap: CA$53.4b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ138.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Sompo Holdings

Market Cap: JP¥6.0t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

ITC

Market Cap: ₹3.5t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.