Argentinian Consumer Services Defensive Blue Chips

ASPEED Technology

Market Cap: NT$623.6b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Alinma Bank

Market Cap: ر.س73.4b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Telia Company

Market Cap: SEK 189.8b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Amkor Technology

Market Cap: US$19.5b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Banco de Chile

Market Cap: CL$18.0t

Provides commercial banking services in Chile.

National Silicon Industry Group

Market Cap: CN¥131.8b

National Silicon Industry Group Co., Ltd.

Banco Santander (Brasil)

Market Cap: R$100.4b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Telecom Italia

Market Cap: €17.0b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Unipol Assicurazioni

Market Cap: €16.9b

Provides insurance products and services primarily in Italy.

CK Infrastructure Holdings

Market Cap: HK$150.4b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Koninklijke KPN

Market Cap: €16.7b

Provides telecommunications and information technology (IT) services in the Netherlands.

China Resources Microelectronics

Market Cap: CN¥129.6b

Engages in the manufacture and sale of semiconductors in China and internationally.

Adani Energy Solutions

Market Cap: ₹1.8t

Generates, transmits, and distributes power in India.

Bank of Ireland Group

Market Cap: €16.6b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

NMBZ Holdings

Market Cap: US$2.4b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

MPI

Market Cap: NT$596.7b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥127.1b

Beijing E-Town Semiconductor Technology Co., Ltd.

Pernod Ricard

Market Cap: €16.3b

Produces and sells wines and spirits worldwide.

Yihai Kerry Arawana Holdings

Market Cap: CN¥126.1b

Engages in the agriculture and food processing businesses in China.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Associated British Foods

Market Cap: UK£13.9b

Engages in the food, ingredients, and retail businesses worldwide.

China United Network Communications

Market Cap: CN¥125.1b

Provides telecommunication services in the People’s Republic of China.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 84.5b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

IHH Healthcare Berhad

Market Cap: RM 74.2b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

SinoPac Financial Holdings

Market Cap: NT$578.2b

Through its subsidiaries, provides banking services worldwide.

Bank of Shanghai

Market Cap: CN¥123.3b

Provides various banking products and services in China.

Varun Beverages

Market Cap: ₹1.7t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Zimmer Biomet Holdings

Market Cap: US$18.0b

Operates as a medical technology company worldwide.

Bank of Nanjing

Market Cap: CN¥122.3b

Engages in the provision of various financial products and services in China.

Saudi Awwal Bank

Market Cap: ر.س66.7b

Provides banking and financial services in the Kingdom of Saudi Arabia.

SiTime

Market Cap: US$17.7b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Vodacom Group

Market Cap: R289.6b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Ingenic SemiconductorLtd

Market Cap: CN¥120.1b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.

East West Bancorp

Market Cap: US$17.7b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Enpara Bank

Market Cap: ₺823.4b

Provides banking services and products in Turkey.