Bulgarian Energy Defensive Blue Chips

GD Power DevelopmentLtd

Market Cap: CN¥96.8b

Operates as a power generation company in China.

Helvetia Holding

Market Cap: CHF 10.9b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

GAIL (India)

Market Cap: ₹1.2t

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

Budweiser Brewing Company APAC

Market Cap: HK$105.1b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

WH Group

Market Cap: HK$105.0b

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

Etihad Etisalat

Market Cap: ر.س50.6b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

National Bank of Greece

Market Cap: €11.5b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Hua Nan Financial Holdings

Market Cap: NT$414.7b

Provides financial services in Taiwan and internationally.

SCB X

Market Cap: ฿432.7b

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

Tokyo GasLtd

Market Cap: JP¥2.1t

Engages in the production, supply, and sale of city gas and LNG in Japan.

MACOM Technology Solutions Holdings

Market Cap: US$13.3b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Kasikornbank

Market Cap: ฿428.8b

Provides commercial banking products and services in Thailand and internationally.

Elia Group

Market Cap: €11.4b

Develops and operates as a transmission system operator in Belgium and Germany.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Mashreqbank PSC

Market Cap: د.إ48.4b

Provides various banking and financial services to individuals and corporates.

First Financial Holding

Market Cap: NT$409.1b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Union Bank of India

Market Cap: ₹1.2t

Provides banking products and services in India.

Piotech

Market Cap: CN¥93.5b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥93.0b

Henan Shuanghui Investment & Development Co.,Ltd.

Admiral Group

Market Cap: UK£9.9b

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

Tata Consumer Products

Market Cap: ₹1.1t

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

Woori Financial Group

Market Cap: ₩18.9t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Brown-Forman

Market Cap: US$12.9b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Osaka Gas

Market Cap: JP¥2.0t

Provides gas, electricity, and other energy products and services in Japan and internationally.

ageas

Market Cap: €11.1b

Engages in insurance business.

Israel Discount Bank

Market Cap: ₪41.1b

Provides various banking and financial services in Israel, Europe, and North America.

Unum Group

Market Cap: US$12.8b

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

Turkiye Garanti Bankasi

Market Cap: ₺536.3b

Provides various banking products and services in Turkey.

Telecom Italia

Market Cap: €10.9b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

BB Seguridade Participações

Market Cap: R$66.7b

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

Fisher & Paykel Healthcare

Market Cap: NZ$22.4b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

BE Semiconductor Industries

Market Cap: €10.9b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

True Corporation

Market Cap: ฿407.7b

Provides telecommunications and value-added services in Thailand.

Ooredoo Q.P.S.C

Market Cap: ر.ق45.8b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Almarai

Market Cap: ر.س47.1b

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