Argentinian Utilities Defensive Blue Chips

MTN Nigeria Communications

Market Cap: ₦16.9t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.1b

Engages in commercial banking business in China.

Chiba Bank

Market Cap: JP¥2.0t

Provides banking products and services in Japan and internationally.

Alpha Bank

Market Cap: €10.5b

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

Saputo

Market Cap: CA$16.9b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Taiwan Cooperative Financial Holding

Market Cap: NT$389.0b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Encompass Health

Market Cap: US$12.2b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

ROHM

Market Cap: JP¥1.9t

Manufactures and sells electronic components worldwide.

American Financial Group

Market Cap: US$12.1b

An insurance holding company, provides property and casualty insurance products in the United States.

SG Micro

Market Cap: CN¥81.7b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

China Resources Power Holdings

Market Cap: HK$94.7b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Magnum Ice Cream

Market Cap: €10.4b

Engages in the ice cream business in the Netherlands.

Tele2

Market Cap: SEK 114.5b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥81.0b

Beijing E-Town Semiconductor Technology Co., Ltd.

Arab National Bank

Market Cap: ر.س45.0b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Aier Eye Hospital Group

Market Cap: CN¥80.4b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

BJ's Wholesale Club Holdings

Market Cap: US$11.9b

Operates membership warehouse clubs on the eastern half of the United States.

HKT Trust and HKT

Market Cap: HK$93.6b

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.

Harel Insurance Investments & Financial Services

Market Cap: ₪35.2b

Offers insurance and financial services in Israel, Europe, and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥80.2b

Engages in the generation and sale of electricity in China.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.9t

Provides various banking products and services.

Realtek Semiconductor

Market Cap: NT$369.6b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Dairibord Holdings

Market Cap: US$1.5b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

United Nova TechnologyLtd

Market Cap: CN¥78.1b

Manufactures and markets power discrete and modules in China and internationally.

Lotus Bakeries

Market Cap: €10.0b

Provides various snack products in Belgium and internationally.

Marico

Market Cap: ₹1.1t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Japan Post Insurance

Market Cap: JP¥1.8t

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

UMB Financial

Market Cap: US$11.5b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Globus Medical

Market Cap: US$11.5b

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

Absa Group

Market Cap: R185.9b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺550.2b

Provides various banking products and services in Turkey.

Industrial Bank of Korea

Market Cap: ₩16.3t

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

DaVita

Market Cap: US$11.5b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Hong Leong Bank Berhad

Market Cap: RM 46.6b

Operates as a financial services company in Malaysia and internationally.