Estonia Insurance Defensive Blue Chips

Dino Polska

Market Cap: zł43.2b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ42.8b

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

Rambus

Market Cap: US$11.6b

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

Mowi

Market Cap: NOK 117.4b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥82.3b

Provides a range of banking products and services to individual and corporate customers in China.

Shree Cement

Market Cap: ₹1.0t

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

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Bank Permata

Market Cap: Rp190.9t

Provides various banking products and services in Indonesia.

Kirin Holdings Company

Market Cap: JP¥1.8t

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

Itissalat Al-Maghrib (IAM)

Market Cap: د.م105.5b

Provides various telecommunication solutions in Morocco and internationally.

Coca-Cola Consolidated

Market Cap: US$11.3b

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

mBank

Market Cap: zł41.7b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Baloise Holding

Market Cap: CHF 9.0b

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.

TIM

Market Cap: R$60.4b

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

Manila Electric

Market Cap: ₱659.3b

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

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.

ICICI Lombard General Insurance

Market Cap: ₹992.0b

Provides various general insurance products and services in India.

ING Bank Slaski

Market Cap: zł41.0b

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

Waaree Energies

Market Cap: ₹985.9b

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

China Resources Beer (Holdings)

Market Cap: HK$86.3b

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

HKT Trust and HKT

Market Cap: HK$85.9b

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.

China Zheshang Bank

Market Cap: HK$85.3b

Provides various commercial banking products and services in Mainland China.

Tele2

Market Cap: SEK 104.3b

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

Tsingtao Brewery

Market Cap: CN¥78.1b

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

Sanlam

Market Cap: R189.9b

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

SinoPac Financial Holdings

Market Cap: NT$336.7b

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

American Financial Group

Market Cap: US$10.9b

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

Centrica

Market Cap: UK£8.3b

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

Buzzi

Market Cap: €9.4b

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

Far EasTone Telecommunications

Market Cap: NT$333.5b

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

Indus Towers

Market Cap: ₹958.9b

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.

Industrial Bank of Korea

Market Cap: ₩15.4t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Anhui Gujing Distillery

Market Cap: CN¥76.6b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Taiwan Mobile

Market Cap: NT$331.2b

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