Swiss Automobiles Defensive Blue Chips

Itissalat Al-Maghrib (IAM)

Market Cap: د.م97.8b

Provides various telecommunication solutions in Morocco and internationally.

Phoenix Financial

Market Cap: ₪34.5b

Provides multi-line insurance products in Israel.

T&D Holdings

Market Cap: JP¥1.7t

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

Tele2

Market Cap: SEK 100.9b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

ACM Research (Shanghai)

Market Cap: CN¥74.7b

Engages in the research, development, production, and sale of semiconductor equipment in China.

First Horizon

Market Cap: US$10.5b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Sejahteraraya Anugrahjaya

Market Cap: Rp174.9t

Provides medical services in Indonesia.

Far EasTone Telecommunications

Market Cap: NT$329.6b

Engages in the provision of telecommunications and digital application services in Taiwan.

Carrefour

Market Cap: €9.1b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

KT&G

Market Cap: ₩15.4t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Globe Life

Market Cap: US$10.4b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Hong Leong Bank Berhad

Market Cap: RM 43.1b

Operates as a financial services company in Malaysia and internationally.

CPFL Energia

Market Cap: R$55.0b

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

Enel Américas

Market Cap: CL$9.6t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Taiwan Mobile

Market Cap: NT$323.6b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

James Hardie Industries

Market Cap: AU$16.0b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Ensign Group

Market Cap: US$10.3b

Provides skilled nursing, senior living, and rehabilitative services.

Waaree Energies

Market Cap: ₹916.3b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Chongqing Rural Commercial Bank

Market Cap: HK$79.0b

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

Orkla

Market Cap: NOK 104.1b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Bank of the Philippine Islands

Market Cap: ₱597.1b

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

Absa Group

Market Cap: R175.1b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫264.0t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫263.7t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.