Chinese Telecom Defensive Blue Chips

Mowi

Market Cap: NOK 116.6b

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

Shanghai Electric Power

Market Cap: CN¥81.6b

Engages in the integration of clean energy, new energy, smart energy technology research and development and application, modern energy supply, and services in China and internationally.

Banque Saudi Fransi

Market Cap: ر.س43.0b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Encompass Health

Market Cap: US$11.5b

Provides post-acute healthcare services in the United States and Puerto Rico.

Bank Permata

Market Cap: Rp190.0t

Provides various banking products and services in Indonesia.

Indus Towers

Market Cap: ₹1.0t

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.

Shree Cement

Market Cap: ₹1.0t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Baloise Holding

Market Cap: CHF 9.2b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Banco de Crédito e Inversiones

Market Cap: CL$10.6t

Provides various banking products and services in Chile, United States, and Peru.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م105.1b

Provides various telecommunication solutions in Morocco and internationally.

ICICI Lombard General Insurance

Market Cap: ₹998.9b

Provides various general insurance products and services in India.

SinoPac Financial Holdings

Market Cap: NT$346.6b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

MACOM Technology Solutions Holdings

Market Cap: US$11.2b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

HKT Trust and HKT

Market Cap: HK$86.9b

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.

ING Bank Slaski

Market Cap: zł41.2b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Manila Electric

Market Cap: ₱653.7b

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

Coca-Cola Consolidated

Market Cap: US$11.1b

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

Waaree Energies

Market Cap: ₹986.6b

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

China Zheshang Bank

Market Cap: HK$86.4b

Provides various commercial banking products and services in Mainland China.

Rambus

Market Cap: US$11.1b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Sanlam

Market Cap: R190.5b

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

Tele2

Market Cap: SEK 104.4b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

China Resources Beer (Holdings)

Market Cap: HK$85.5b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

American Financial Group

Market Cap: US$11.0b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Far EasTone Telecommunications

Market Cap: NT$339.3b

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

TIM

Market Cap: R$58.8b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Chongqing Rural Commercial Bank

Market Cap: HK$85.2b

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

Centrica

Market Cap: UK£8.3b

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

Tsingtao Brewery

Market Cap: CN¥77.9b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Buzzi

Market Cap: €9.5b

Manufactures, distributes, and sells cement, ready-mix concrete, and aggregates.

Italgas

Market Cap: €9.4b

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

iA Financial

Market Cap: CA$15.3b

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

Taiwan Mobile

Market Cap: NT$334.2b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Assurant

Market Cap: US$10.7b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.