Austrian Commercial Services Defensive Blue Chips

Grupo Nutresa S. A

Market Cap: Col$57.6t

Operates in the food industry in Colombia, Latin America, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$109.6b

An investment holding company, produces, imports, markets, distributes, and sells beer and other non-beer beverages primarily in China, South Korea, India, Vietnam, and the other Asia Pacific regions.

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

Market Cap: ر.ق50.8b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Santander Bank Polska

Market Cap: zł52.3b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Hologic

Market Cap: US$13.9b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Guangdong Haid Group

Market Cap: CN¥99.4b

Researches, develops, produces, sells, and services animal feed products in China and internationally.

Unipol Assicurazioni

Market Cap: €12.2b

Provides insurance products and services primarily in Italy.

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India.

Jiangsu Yanghe Distillery

Market Cap: CN¥98.9b

Offers liquors, wines, and spirits.

Almarai

Market Cap: ر.س51.5b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Admiral Group

Market Cap: UK£10.1b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Reinsurance Group of America

Market Cap: US$13.5b

Provides reinsurance and financial solutions.

True Corporation

Market Cap: ฿438.8b

Provides telecommunications and value-added services in Thailand.

Performance Food Group

Market Cap: US$13.4b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Power Assets Holdings

Market Cap: HK$104.5b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

ASR Nederland

Market Cap: €11.7b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

CP ALL

Market Cap: ฿433.0b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Bank of the Philippine Islands

Market Cap: ₱734.4b

Provides various financial products and services to retail and corporate clients in the Philippines.

BB Seguridade Participações

Market Cap: R$74.4b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Insurance Australia Group

Market Cap: AU$20.4b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Teradyne

Market Cap: US$13.1b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Bank of Ireland Group

Market Cap: €11.5b

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

Mashreqbank PSC

Market Cap: د.إ47.9b

Provides various banking and financial services to individuals and corporates.

FinecoBank Banca Fineco

Market Cap: €11.5b

Provides banking, credit, trading and investment services in Italy.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Align Technology

Market Cap: US$12.9b

Designs, manufactures, and markets Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Bank Polska Kasa Opieki

Market Cap: zł48.5b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Gjensidige Forsikring

Market Cap: NOK 131.0b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

CNA Financial

Market Cap: US$12.9b

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

Union Bank of India

Market Cap: ₹1.1t

Provides various banking products and services.

Albertsons Companies

Market Cap: US$12.8b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

JDE Peet's

Market Cap: €11.3b

Operates as a coffee and tea company worldwide.

East West Bancorp

Market Cap: US$12.7b

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.

United Spirits

Market Cap: ₹1.1t

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Smith & Nephew

Market Cap: UK£9.4b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.