Chinese Utilities Defensive Blue Chips

Insurance Australia Group

Market Cap: AU$20.1b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Woori Financial Group

Market Cap: ₩18.2t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Olympus

Market Cap: JP¥1.9t

Manufactures and sells precision machineries and instruments worldwide.

Reinsurance Group of America

Market Cap: US$13.1b

Provides reinsurance and financial solutions.

China Zheshang Bank

Market Cap: HK$102.2b

Provides various commercial banking products and services in Mainland China.

Rede D'Or São Luiz

Market Cap: R$72.6b

Operates a network of hospitals in Brazil.

Union Bank of India

Market Cap: ₹1.1t

Provides banking products and services in India.

WH Group

Market Cap: HK$101.9b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Guangdong Haid Group

Market Cap: CN¥93.1b

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

Helvetia Holding

Market Cap: CHF 10.4b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Shree Cement

Market Cap: ₹1.1t

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

Kansai Electric Power Company

Market Cap: JP¥1.9t

Engages in electricity, gas and heat supply, and telecommunication businesses in Japan.

ageas

Market Cap: €11.1b

Engages in insurance business.

Fisher & Paykel Healthcare

Market Cap: NZ$21.4b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Almarai

Market Cap: ر.س47.8b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.3b

Produces and supplies hydro, wind, and energy electricity in Romania.

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.

Maplebear

Market Cap: US$12.6b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

National Bank of Greece

Market Cap: €10.8b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

BPER Banca

Market Cap: €10.8b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Grupo Cibest

Market Cap: Col$49.6t

Provides banking products and services in Colombia and internationally.

SCB X

Market Cap: ฿400.7b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

IDBI Bank

Market Cap: ₹1.1t

Provides a range of banking and financial services in India.

Mapfre

Market Cap: €10.6b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Engages in the provision of healthcare services in India and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ44.6b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Adani Energy Solutions

Market Cap: ₹1.0t

Generates, transmits, and distributes power in India.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.9b

Henan Shuanghui Investment & Development Co.,Ltd.

HKT Trust and HKT

Market Cap: HK$95.0b

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.

Canara Bank

Market Cap: ₹1.0t

Provides various banking products and services in India and internationally.

Israel Discount Bank

Market Cap: ₪40.3b

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

CNA Financial

Market Cap: US$11.9b

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

Etihad Etisalat

Market Cap: ر.س44.7b

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

BB Seguridade Participações

Market Cap: R$66.6b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

BKW

Market Cap: CHF 9.5b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.