Swiss Semiconductors Defensive Blue Chips

Bank of Chengdu

Market Cap: CN¥76.1b

Provides various commercial banking products and services in China.

Chubu Electric Power Company

Market Cap: JP¥1.6t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Indus Towers

Market Cap: ₹920.7b

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

Bank of the Philippine Islands

Market Cap: ₱602.4b

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

Manila Electric

Market Cap: ₱598.5b

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

ICICI Prudential Life Insurance

Market Cap: ₹914.3b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Redeia Corporación

Market Cap: €9.0b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

Airtel Africa

Market Cap: UK£7.8b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Centrica

Market Cap: UK£7.8b

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥74.9b

Engages in the clean energy business in China.

Krung Thai Bank

Market Cap: ฿339.6b

Engages in commercial banking business in Thailand and internationally.

Align Technology

Market Cap: US$10.4b

Designs, manufactures, and markets Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Piraeus Financial Holdings

Market Cap: €8.9b

Provides banking products and services in Greece and internationally.

Bangkok Dusit Medical Services

Market Cap: ฿338.5b

Operates hospitals in Thailand and internationally.

Waaree Energies

Market Cap: ₹905.4b

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

Sanlam

Market Cap: R183.2b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Japan Post Insurance

Market Cap: JP¥1.5t

Provides life insurance products and services in Japan.

Indian Bank

Market Cap: ₹902.5b

Provides various banking products and services.

Coca-Cola Consolidated

Market Cap: US$10.3b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Mowi

Market Cap: NOK 105.8b

A seafood company, produces and sells Atlantic salmon products worldwide.

BAWAG Group

Market Cap: €8.9b

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

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫271.7t

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

Celcomdigi Berhad

Market Cap: RM 43.4b

An investment holding company, provides mobile communication services and related products in Malaysia.

KT&G

Market Cap: ₩14.3t

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

Molson Coors Beverage

Market Cap: US$10.2b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Bharti Hexacom

Market Cap: ₹886.5b

Provides mobile services, fixed-line telephone, and broadband services to end consumers under the Airtel brand in India.

Far EasTone Telecommunications

Market Cap: NT$308.3b

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

Chongqing Rural Commercial Bank

Market Cap: HK$78.8b

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

PB Fintech

Market Cap: ₹877.5b

Operates an online platform for insurance and lending products in India and internationally.

Türkiye Is Bankasi

Market Cap: ₺412.4b

Provides various banking products and services in Turkey.

Bank Negara Indonesia (Persero)

Market Cap: Rp165.0t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

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.