Finnish Utilities Defensive Blue Chips

Public Power

Market Cap: €13.5b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

ING Bank Slaski

Market Cap: zł57.3b

Provides various banking products and services for retail clients and businesses in Poland.

Asahi Group Holdings

Market Cap: JP¥2.5t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

JD Health International

Market Cap: HK$121.0b

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

Kirin Holdings Company

Market Cap: JP¥2.5t

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

Great Eastern Holdings

Market Cap: S$19.6b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Attijariwafa bank

Market Cap: د.م142.3b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Grupo Financiero Inbursa. de

Market Cap: Mex$259.4b

Provides various financial products and services to individuals and businesses in Mexico.

Grupo Bimbo. de

Market Cap: Mex$259.4b

Produces, distributes, and markets bakery products.

Pinnacle Financial Partners

Market Cap: US$15.2b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

First Financial Holding

Market Cap: NT$486.0b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

SK Telecom

Market Cap: ₩21.1t

Engages in the provision of wireless telecommunication services in South Korea.

Gjensidige Forsikring

Market Cap: NOK 141.2b

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

McCormick

Market Cap: US$15.1b

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

Brookfield Wealth Solutions

Market Cap: US$15.0b

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

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

HANMI Semiconductor

Market Cap: ₩20.6t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Cooper Companies

Market Cap: US$14.8b

Develops, manufactures, and markets contact lens wearers.

GlobalWafers

Market Cap: NT$468.6b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Suncorp Group

Market Cap: AU$20.5b

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

Rede D'Or São Luiz

Market Cap: R$75.3b

Engages in the provision of hospital services in Brazil.

Origin Energy

Market Cap: AU$20.4b

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.

United Utilities Group

Market Cap: UK£10.7b

Provides water and wastewater services in the United Kingdom.

Piraeus Bank

Market Cap: €12.4b

Provides various banking products and services in Greece, Europe, and internationally.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ53.3b

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

Phison Electronics

Market Cap: NT$461.1b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp258.3t

Provides information and communications technology, and telecommunications network services worldwide.

Tryg

Market Cap: DKK 92.6b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Olympus

Market Cap: JP¥2.3t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Everest Group

Market Cap: US$14.4b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Banque Saudi Fransi

Market Cap: ر.س54.0b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Enpara Bank

Market Cap: ₺691.1b

Provides banking services and products in Turkey.

BB Seguridade Participações

Market Cap: R$74.0b

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

T&D Holdings

Market Cap: JP¥2.3t

Through its subsidiaries, provides insurance products and services in Japan.

Mora Telematika Indonesia

Market Cap: Rp255.6t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.