Belgian Telecom Defensive Blue Chips

Attijariwafa bank

Market Cap: د.م137.0b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Semtech

Market Cap: US$14.8b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Phoenix Financial

Market Cap: ₪43.7b

Operates as a financial services company in Israel.

SCREEN Holdings

Market Cap: JP¥2.4t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.7b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Dangote Cement

Market Cap: ₦19.8t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Pinnacle Financial Partners

Market Cap: US$14.5b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ53.3b

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp259.0t

Provides information and communications technology, and telecommunications network services worldwide.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ53.3b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$252.8b

Provides various financial products and services to individuals and businesses in Mexico.

LONGi Green Energy Technology

Market Cap: CN¥97.8b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Tongfu MicroelectronicsLtd

Market Cap: CN¥97.8b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Bankinter

Market Cap: €12.5b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

WH Group

Market Cap: HK$112.8b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Woori Financial Group

Market Cap: ₩21.9t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Eastroc Beverage (Group)

Market Cap: CN¥97.1b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

ageas

Market Cap: €12.3b

Engages in insurance business.

Anhui Conch Cement

Market Cap: CN¥96.1b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Rede D'Or São Luiz

Market Cap: R$73.3b

Engages in the provision of hospital services in Brazil.

Banco Santander-Chile

Market Cap: CL$12.9t

Provides commercial and retail banking products and services in Chile.

Kasikornbank

Market Cap: ฿463.2b

Provides commercial banking products and services in Thailand and internationally.

Tenet Healthcare

Market Cap: US$14.0b

Operates as a diversified healthcare services company in the United States.

SCB X

Market Cap: ฿461.3b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Hippo Valley Estates

Market Cap: US$1.8b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

China Resources Power Holdings

Market Cap: HK$109.3b

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

T&D Holdings

Market Cap: JP¥2.2t

Through its subsidiaries, provides insurance products and services in Japan.

Mapfre

Market Cap: €12.1b

Engages in insurance, reinsurance, and financial activities in Spain.

Metro

Market Cap: CA$19.4b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Unum Group

Market Cap: US$13.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Kerry Group

Market Cap: €12.0b

Provides taste and nutrition solutions.

First Financial Holding

Market Cap: NT$438.6b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

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

Market Cap: ر.ق50.3b

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

BAWAG Group

Market Cap: €11.8b

Operates as a holding company for BAWAG P.S.K.

Mashreqbank PSC

Market Cap: د.إ50.2b

Provides various banking and financial services to individuals and corporates.

Shanghai United Imaging Healthcare

Market Cap: CN¥92.4b

Shanghai United Imaging Healthcare Co., Ltd.