Botswanan Utilities Defensive Blue Chips

Far EasTone Telecommunications

Market Cap: NT$342.7b

Provides mobile telecommunications services in Taiwan and internationally.

Silicon Motion Technology

Market Cap: US$10.6b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Orkla

Market Cap: NOK 103.6b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

SD Guthrie Berhad

Market Cap: RM 43.2b

Operates as an integrated plantations company in Malaysia and internationally.

Discovery

Market Cap: R172.6b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥71.6b

Engages in the clean energy business in China.

Manila Electric

Market Cap: ₱649.2b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Lotus Bakeries

Market Cap: €9.2b

Provides various snack products in Belgium and internationally.

Zhejiang Zheneng Electric Power

Market Cap: CN¥71.2b

Zhejiang Zheneng Electric Power Co., Ltd.

Anji Microelectronics Technology (Shanghai)

Market Cap: CN¥71.2b

Researches, develops, manufactures, and sells semiconductor materials in China and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$82.1b

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

SICC

Market Cap: CN¥70.9b

Engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥70.7b

Engages in the research, design, development, production, and sale of semiconductor chip test probe cards in China and internationally.

Centrica

Market Cap: UK£7.8b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

GRINM Semiconductor Materials

Market Cap: CN¥70.6b

Engages in the research, development, production, and operation of silicon and other semiconductor materials and equipment in China.

CPFL Energia

Market Cap: R$53.3b

Through its subsidiaries, operates as an energy company in Brazil.

Alpha Bank

Market Cap: €9.1b

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

TIM

Market Cap: R$53.2b

Engages in the telecommunications sector in Brazil.

Globus Medical

Market Cap: US$10.3b

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

United Spirits

Market Cap: ₹980.7b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Interconexión Eléctrica E.S.P

Market Cap: Col$33.7t

Engages in the electric power, roads, and ICT and telecommunications business activities.

Globalstar

Market Cap: US$10.3b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Novatek Microelectronics

Market Cap: NT$329.8b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Busy Ming Group

Market Cap: HK$80.2b

Through its subsidiaries, operates as a food and beverage retailer in China.

China Zheshang Bank

Market Cap: HK$80.1b

Provides corporate and retail banking services in Mainland China.

Taiwan Mobile

Market Cap: NT$328.8b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

JoulWatt Technology

Market Cap: CN¥68.7b

Engages in the research and development, and sale of analog integrated circuits in China.

Chongqing Rural Commercial Bank

Market Cap: HK$79.5b

Provides banking and related financial services in the People’s Republic of China.

Zions Bancorporation National Association

Market Cap: US$10.1b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Bank of Ayudhya

Market Cap: ฿336.5b

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

J Sainsbury

Market Cap: UK£7.5b

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

ASMPT

Market Cap: HK$78.8b

An investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries internationally.

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.