Chinese Consumer Services Defensive Blue Chips

Piraeus Bank

Market Cap: €11.6b

Provides various banking products and services in Greece, Europe, and internationally.

Punjab National Bank

Market Cap: ₹1.3t

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

Bank of Baroda

Market Cap: ₹1.3t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Phison Electronics

Market Cap: NT$423.4b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

MTN Nigeria Communications

Market Cap: ₦17.8t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

National Silicon Industry Group

Market Cap: CN¥87.9b

National Silicon Industry Group Co., Ltd.

Kinsus Interconnect Technology

Market Cap: NT$419.4b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Fresenius Medical Care

Market Cap: €11.4b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

iA Financial

Market Cap: CA$18.2b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Yokohama Financial Group

Market Cap: JP¥2.1t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥86.9b

Beijing E-Town Semiconductor Technology Co., Ltd.

Semtech

Market Cap: US$12.8b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Etihad Etisalat

Market Cap: ر.س48.1b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.6b

Henan Shuanghui Investment & Development Co.,Ltd.

China Resources Power Holdings

Market Cap: HK$100.0b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Israel Discount Bank

Market Cap: ₪39.0b

Provides various banking and financial services in Israel, Europe, and North America.

Align Technology

Market Cap: US$12.7b

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

Pro Medicus

Market Cap: AU$18.1b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Dangote Cement

Market Cap: ₦17.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Osaka Gas

Market Cap: JP¥2.1t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

Smith & Nephew

Market Cap: UK£9.4b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Origin Energy

Market Cap: AU$17.9b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Kokusai Electric

Market Cap: JP¥2.0t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

KT&G

Market Cap: ₩18.3t

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

Penumbra

Market Cap: US$12.5b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

Taiwan Cooperative Financial Holding

Market Cap: NT$400.6b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

CP ALL

Market Cap: ฿418.8b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

China Resources Microelectronics

Market Cap: CN¥83.8b

Engages in the manufacture and sale of semiconductors in China and internationally.

J. M. Smucker

Market Cap: US$12.4b

Manufactures and markets branded food and beverage products worldwide.

Webster Financial

Market Cap: US$12.3b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

HKT Trust and HKT

Market Cap: HK$96.4b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Almarai

Market Cap: ر.س46.1b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Jerónimo Martins SGPS

Market Cap: €10.7b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.