Finnish Utilities Defensive Blue Chips

Ambev

Market Cap: R$224.9b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Veeva Systems

Market Cap: US$39.4b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp643.3t

Provides various banking products and services in Indonesia and internationally.

DNB Bank

Market Cap: NOK 404.7b

Provides financial services to individuals and businesses in Norway and internationally.

NTPC

Market Cap: ₹3.3t

Primarily engages in the generation and sale of bulk power to state power utilities in India.

Emirates NBD Bank PJSC

Market Cap: د.إ142.8b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Cambricon Technologies

Market Cap: CN¥278.7b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

Federal National Mortgage Association

Market Cap: US$38.6b

Provides financing solutions for residential mortgages in the United States.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥273.7b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Intact Financial

Market Cap: CA$53.0b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Koninklijke Ahold Delhaize

Market Cap: €33.9b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Orange

Market Cap: €33.9b

Operates as a telecommunications operator in France and internationally.

KBC Group

Market Cap: €33.7b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Hannover Rück

Market Cap: €33.5b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ137.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Heidelberg Materials

Market Cap: €33.3b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Fubon Financial Holding

Market Cap: NT$1.1t

Provides various financial services in Taiwan, Asia, and internationally.

JAPAN POST BANK

Market Cap: JP¥5.4t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

Consolidated Edison

Market Cap: US$36.8b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Hartford Insurance Group

Market Cap: US$36.7b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Advantest

Market Cap: JP¥5.3t

Manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia.

ResMed

Market Cap: US$36.4b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets.

Cardinal Health

Market Cap: US$36.3b

Operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally.

Vulcan Materials

Market Cap: US$35.8b

Produces and supplies construction aggregates in the United States.

Sun Life Financial

Market Cap: CA$50.0b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Standard Chartered

Market Cap: UK£26.9b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

National Bank of Canada

Market Cap: CA$49.9b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Sysco

Market Cap: US$35.1b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.1t

An insurance holding company, provides insurance and financial services worldwide.

Arch Capital Group

Market Cap: US$34.9b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

China Unicom (Hong Kong)

Market Cap: HK$272.0b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥250.1b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Fairfax Financial Holdings

Market Cap: CA$48.1b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Swisscom

Market Cap: CHF 28.6b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

Great-West Lifeco

Market Cap: CA$47.6b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Monolithic Power Systems

Market Cap: US$34.0b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets.