Spanish Capital Goods Defensive Blue Chips

Celsius Holdings

Market Cap: US$14.8b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺613.2b

Provides various banking products and services in Turkey.

Gjensidige Forsikring

Market Cap: NOK 146.2b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Jerónimo Martins SGPS

Market Cap: €12.6b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Hua Xia Bank

Market Cap: CN¥104.7b

Provides commercial banking services in China and Hong Kong.

Everest Group

Market Cap: US$14.7b

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

SDIC Power Holdings

Market Cap: CN¥104.5b

Engages in the electricity generation business in China.

East West Bancorp

Market Cap: US$14.7b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Mapfre

Market Cap: €12.5b

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

Uni-President Enterprises

Market Cap: NT$444.9b

Engages in the manufacture and marketing of food products in Taiwan and internationally.

Punjab National Bank

Market Cap: ₹1.3t

Provides various banking and financial products and services in India and internationally.

Suncorp Group

Market Cap: AU$22.0b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Metro

Market Cap: CA$20.2b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Jiangsu Yanghe Distillery

Market Cap: CN¥102.3b

Offers liquors and wines.

Bankinter

Market Cap: €12.2b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Eurobank Ergasias Services and Holdings

Market Cap: €12.2b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Kerry Group

Market Cap: €12.2b

Provides taste and nutrition solutions.

Huaneng Power International

Market Cap: HK$110.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Origin Energy

Market Cap: AU$21.4b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

First Financial Holding

Market Cap: NT$429.9b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Tata Power

Market Cap: ₹1.2t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

ASR Nederland

Market Cap: €12.0b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Budweiser Brewing Company APAC

Market Cap: HK$109.4b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Smoore International Holdings

Market Cap: HK$109.2b

An investment holding company, engages in the provision of vaping technology solutions.

Olympus

Market Cap: JP¥2.1t

Manufactures and sells precision machineries and instruments worldwide.

Etihad Etisalat

Market Cap: ر.س52.4b

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

Wilmar International

Market Cap: S$18.0b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

WH Group

Market Cap: HK$108.2b

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

Grupo Cibest

Market Cap: Col$53.6t

Provides banking products and services in Colombia and internationally.

Alibaba Health Information Technology

Market Cap: HK$107.3b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Admiral Group

Market Cap: UK£10.2b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Santander Bank Polska

Market Cap: zł49.8b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Doximity

Market Cap: US$13.7b

Operates as a digital platform for medical professionals in the United States.

Woori Financial Group

Market Cap: ₩19.1t

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

Cooper Companies

Market Cap: US$13.6b

Develops, manufactures, and markets contact lens wearers.

Almarai

Market Cap: ر.س51.1b

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