Chinese Energy Defensive Blue Chips

M&T Bank

Market Cap: US$36.3b

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.

Montage Technology

Market Cap: CN¥243.2b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

Alcon

Market Cap: CHF 28.7b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Vulcan Materials

Market Cap: US$35.8b

Produces and supplies construction aggregates in the United States.

Muyuan Foods Group

Market Cap: CN¥239.3b

Operates as a pork company in the hog farming industry in China.

UltraTech Cement

Market Cap: ₹3.4t

Engages in the manufacturing, marketing, and distribution of building materials in India and internationally.

Federal National Mortgage Association

Market Cap: US$35.6b

Provides financing solutions for residential mortgages in the United States.

ITC

Market Cap: ₹3.4t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Talanx

Market Cap: €30.4b

Provides insurance and reinsurance products and services worldwide.

SJ Semiconductor

Market Cap: CN¥238.4b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Hannover Rück

Market Cap: €30.2b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

CEZ a. s

Market Cap: Kč725.2b

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

Huntington Bancshares

Market Cap: US$34.7b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Prudential

Market Cap: UK£25.4b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Kroger

Market Cap: US$34.5b

Operates as a food and drug retailer in the United States.

Shinhan Financial Group

Market Cap: ₩48.0t

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

BPER Banca

Market Cap: €29.3b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Capitec

Market Cap: R549.4b

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

DexCom

Market Cap: US$33.9b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Bank Hapoalim B.M

Market Cap: ₪100.6b

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

Intact Financial

Market Cap: CA$46.5b

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

Arch Capital Group

Market Cap: US$33.6b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Bank of Ningbo

Market Cap: CN¥225.7b

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

Resona Holdings

Market Cap: JP¥5.3t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Chunghwa Telecom

Market Cap: NT$1.1t

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

Hua Hong Grace Semiconductor

Market Cap: HK$259.3b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, and Europe.

Bank of Jiangsu

Market Cap: CN¥222.1b

Provides various banking products and services in China.

Ping An Bank

Market Cap: CN¥221.2b

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

GE HealthCare Technologies

Market Cap: US$32.8b

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.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ120.0b

Provides banking products and services in the United Arab Emirates and internationally.

Fairfax Financial Holdings

Market Cap: CA$44.8b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Heidelberg Materials

Market Cap: €27.7b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Standard Bank Group

Market Cap: R521.6b

Provides financial products and services in South Africa and internationally.

Koninklijke Ahold Delhaize

Market Cap: €27.6b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Ajinomoto

Market Cap: JP¥5.1t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.