Chinese Materials Defensive Blue Chips

Indus Towers

Market Cap: ₹1.1t

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

HKT Trust and HKT

Market Cap: HK$92.2b

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.

Webster Financial

Market Cap: US$11.8b

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.

Globe Life

Market Cap: US$11.7b

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

MTN Nigeria Communications

Market Cap: ₦16.0t

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

Taiwan Cooperative Financial Holding

Market Cap: NT$366.9b

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

Great Eastern Holdings

Market Cap: S$14.9b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Kokusai Electric

Market Cap: JP¥1.9t

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

China Zheshang Bank

Market Cap: HK$91.3b

Provides corporate and retail banking services in Mainland China.

Coca-Cola Consolidated

Market Cap: US$11.6b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Harel Insurance Investments & Financial Services

Market Cap: ₪33.5b

Offers insurance and financial services in Israel, Europe, and internationally.

Italgas

Market Cap: €10.0b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Cooper Companies

Market Cap: US$11.6b

Develops, manufactures, and markets contact lens wearers.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫305.0t

Provides various banking products and services in Vietnam and internationally.

Brown-Forman

Market Cap: US$11.6b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Far EasTone Telecommunications

Market Cap: NT$362.5b

Provides mobile telecommunications services in Taiwan and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺528.8b

Provides various banking products and services in Turkey.

Absa Group

Market Cap: R188.1b

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

CNA Financial

Market Cap: US$11.4b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Centrica

Market Cap: UK£8.5b

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

First Horizon

Market Cap: US$11.4b

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

Powerchip Semiconductor Manufacturing

Market Cap: NT$357.3b

Powerchip Semiconductor Manufacturing Corporation, together with its subsidiaries, engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally.

Tanganda Tea

Market Cap: US$1.5b

Engages in the production, package, and distribution of tea and coffee products in Zimbabwe.

BJ's Wholesale Club Holdings

Market Cap: US$11.3b

Operates membership warehouse clubs on the eastern half of the United States.

Henan Shijia Photons Technology

Market Cap: CN¥76.3b

Henan Shijia Photons Technology Co., Ltd.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Yokohama Financial Group

Market Cap: JP¥1.8t

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

Arab National Bank

Market Cap: ر.س42.2b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Fresenius Medical Care

Market Cap: €9.7b

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

Taiwan Mobile

Market Cap: NT$351.6b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Mowi

Market Cap: NOK 104.1b

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

Guangdong Haid Group

Market Cap: CN¥75.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥75.4b

Engages in the clean energy business in China.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Quebecor

Market Cap: CA$15.4b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

iA Financial

Market Cap: CA$15.4b

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