Chinese Utilities Defensive Blue Chips

Bank of Shanghai

Market Cap: CN¥147.8b

Provides various personal and corporate banking products and services in China.

Insulet

Market Cap: US$20.4b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Astera Labs

Market Cap: US$20.2b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Bank of Nanjing

Market Cap: CN¥143.7b

Provides various financial products and services in China.

Snam

Market Cap: €17.0b

Engages in the operation of natural gas transport and storage infrastructure.

Terna

Market Cap: €17.0b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

First Solar

Market Cap: US$19.9b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫518.1t

Provides banking products and services in Vietnam.

Asahi Group Holdings

Market Cap: JP¥2.9t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

JD Health International

Market Cap: HK$154.1b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Public Bank Berhad

Market Cap: RM 82.9b

Provides banking products and services.

Casey's General Stores

Market Cap: US$19.6b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Legal & General Group

Market Cap: UK£14.5b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

Coca-Cola HBC

Market Cap: UK£14.5b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥2.9t

Operates as a trust bank in Japan and internationally.

Bank of Beijing

Market Cap: CN¥138.7b

Provides various banking services to personal and corporate customers in China.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ71.0b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Zimmer Biomet Holdings

Market Cap: US$19.3b

Operates as a medical technology company worldwide.

Brookfield Wealth Solutions

Market Cap: US$19.2b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Loews

Market Cap: US$19.2b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Tyson Foods

Market Cap: US$19.2b

Operates as a food company worldwide.

McCormick

Market Cap: US$19.2b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

US Foods Holding

Market Cap: US$19.0b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

Quest Diagnostics

Market Cap: US$18.8b

Provides diagnostic testing and services in the United States and internationally.

Tenaga Nasional Berhad

Market Cap: RM 79.3b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Credicorp

Market Cap: US$18.7b

Provides various financial, insurance, and health services and products in Peru and internationally.

AST SpaceMobile

Market Cap: US$18.7b

Designs and develops the constellation of BlueBird satellites in the United States.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Carlsberg

Market Cap: DKK 118.5b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

EDP

Market Cap: €15.8b

Engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally.

Erie Indemnity

Market Cap: US$18.6b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

United Microelectronics

Market Cap: NT$546.2b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Banco de Sabadell

Market Cap: €15.6b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Hana Financial Group

Market Cap: ₩25.3t

Through its subsidiaries, provides financial services in South Korea.

NN Group

Market Cap: €15.6b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.