Brazilian Utilities Defensive Blue Chips

J Sainsbury

Market Cap: UK£7.5b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Bank of Ayudhya

Market Cap: ฿336.5b

Provides commercial banking products and services to individuals, corporates, small and medium-sized businesses, and financial institutions.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫264.5t

Provides various banking products and services in Vietnam and internationally.

Vanguard International Semiconductor

Market Cap: NT$323.1b

Engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally.

Old Republic International

Market Cap: US$10.0b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.