Ivorian Utilities Defensive Blue Chips

Cathay Financial Holding

Market Cap: NT$1.1t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Archer-Daniels-Midland

Market Cap: US$33.6b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

GE HealthCare Technologies

Market Cap: US$33.4b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

QNB Bank

Market Cap: ₺1.5t

Provides various banking and financial services in Turkey.

ResMed

Market Cap: US$33.2b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Sompo Holdings

Market Cap: JP¥5.3t

Provides property and casualty insurance services in Japan and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Daiichi Life Group

Market Cap: JP¥5.2t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Swiss Life Holding

Market Cap: CHF 25.5b

Provides life, pensions, and financial solutions for private and corporate clients.

M&T Bank

Market Cap: US$32.7b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Imperial Brands

Market Cap: UK£24.0b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Standard Bank Group

Market Cap: R530.5b

Provides financial products and services in South Africa and internationally.

Intact Financial

Market Cap: CA$44.6b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Amrize

Market Cap: CHF 25.2b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Power Corporation of Canada

Market Cap: CA$44.2b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Ping An Bank

Market Cap: CN¥216.8b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Shinhan Financial Group

Market Cap: ₩46.7t

Provides financial products and services in South Korea, Vietnam, and Japan.

Grupo Financiero Banorte. de

Market Cap: Mex$545.2b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Atmos Energy

Market Cap: US$31.5b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 24.6b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Renesas Electronics

Market Cap: JP¥5.0t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Avenue Supermarts

Market Cap: ₹2.9t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

CEZ a. s

Market Cap: Kč634.5b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

Japan Post Holdings

Market Cap: JP¥4.9t

Provides postal, banking, and insurance services in Japan.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp521.1t

Provides various banking products and services in Indonesia and internationally.

Capitec Bank Holdings

Market Cap: R494.4b

Through its subsidiaries, provides various banking products and services in South Africa.

Samsung Life Insurance

Market Cap: ₩44.2t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Power Grid Corporation of India

Market Cap: ₹2.8t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Aeon

Market Cap: JP¥4.8t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Bank of Ningbo

Market Cap: CN¥204.1b

Provides various personal and business banking products and services in the People's Republic of China.

Veolia Environnement

Market Cap: €25.3b

Designs and provides water, waste, and energy management solutions.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥202.8b

Advanced Micro-Fabrication Equipment Inc.

Hang Seng Bank

Market Cap: US$29.6b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Fresenius SE KGaA

Market Cap: €25.1b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Sampo Oyj

Market Cap: €24.9b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.