Chinese Utilities Defensive Blue Chips

Willis Towers Watson

Market Cap: US$30.9b

Operates as an advisory, broking, and solutions company worldwide.

Endesa

Market Cap: €26.7b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥220.3b

Foshan Haitian Flavouring and Food Company Ltd.

Naturgy Energy Group

Market Cap: €26.2b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥218.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

RWE

Market Cap: €26.1b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Brown & Brown

Market Cap: US$30.1b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

Humana

Market Cap: US$30.1b

Provides medical and specialty insurance products in the United States.

National Bank of KuwaitK.P

Market Cap: د.ك9.2b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Cathay Financial Holding

Market Cap: NT$897.8b

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Swiss Life Holding

Market Cap: CHF 24.1b

Provides life, pensions, and financial solutions for private and corporate clients.

Swedbank

Market Cap: SEK 289.2b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Telefónica

Market Cap: €25.7b

Provides telecommunications services in Europe and Latin America.

Dai-ichi Life Holdings

Market Cap: JP¥4.5t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

M&T Bank

Market Cap: US$29.5b

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.

Constellation Brands

Market Cap: US$29.4b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Aeon

Market Cap: JP¥4.4t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Sampo Oyj

Market Cap: €25.2b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Bank of Jiangsu

Market Cap: CN¥209.9b

Provides various banking products and services in China.

China Minsheng Banking

Market Cap: CN¥209.8b

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

Fomento Económico Mexicano. de

Market Cap: Mex$544.3b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Amrize

Market Cap: CHF 22.7b

Focuses on building materials business in North America.

Poste Italiane

Market Cap: €24.3b

Provides postal, logistics, and financial and insurance products and services in Italy.

Japan Post Holdings

Market Cap: JP¥4.2t

Provides postal, banking, and insurance services in Japan.

Sompo Holdings

Market Cap: JP¥4.2t

Provides property and casualty insurance services in Japan and internationally.

Fifth Third Bancorp

Market Cap: US$27.8b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

Kellanova

Market Cap: US$27.8b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Bank Leumi le-Israel B.M

Market Cap: ₪94.2b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

KB Financial Group

Market Cap: ₩38.6t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł101.5b

Provides various banking products and services in Poland and internationally.

American Water Works Company

Market Cap: US$27.4b

Through its subsidiaries, provides water and wastewater services in the United States.

Malayan Banking Berhad

Market Cap: RM 116.0b

Provides commercial banking and related financial products and services.

Hang Seng Bank

Market Cap: HK$212.5b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €23.3b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

SSE

Market Cap: UK£20.3b

Engages in the generation, transmission, distribution, and supply of electricity.

BT Group

Market Cap: UK£20.3b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.