French Commercial Services Defensive Blue Chips

ASE Technology Holding

Market Cap: NT$997.1b

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Adani Power

Market Cap: ₹2.8t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

NRG Energy

Market Cap: US$31.4b

Operates as an energy and home services company in the United States and Canada.

Grupo Nutresa S. A

Market Cap: Col$119.7t

Operates in the food industry in Colombia, Latin America, and internationally.

Sampo Oyj

Market Cap: €26.9b

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.

Cathay Financial Holding

Market Cap: NT$977.0b

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

Swiss Life Holding

Market Cap: CHF 25.0b

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

Fresenius SE KGaA

Market Cap: €26.5b

A health care company, provides products and services for chronically ill patients.

Microchip Technology

Market Cap: US$30.6b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Malayan Banking Berhad

Market Cap: RM 124.9b

Provides commercial banking and related financial products and services.

Willis Towers Watson

Market Cap: US$30.2b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥213.2b

Foshan Haitian Flavouring and Food Company Ltd.

Naturgy Energy Group

Market Cap: €26.0b

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

Teradyne

Market Cap: US$29.7b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

China Everbright Bank

Market Cap: CN¥209.4b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Disco

Market Cap: JP¥4.6t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Kraft Heinz

Market Cap: US$29.5b

Manufactures and markets food and beverage products in North America and internationally.

Vodafone Group

Market Cap: UK£22.4b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Sompo Holdings

Market Cap: JP¥4.6t

Provides property and casualty insurance services in Japan and internationally.

M&T Bank

Market Cap: US$29.4b

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.

Bank Hapoalim B.M

Market Cap: ₪95.2b

Provides various banking and financial services in Israel and internationally.

Humana

Market Cap: US$29.1b

Provides medical and specialty insurance products in the United States.

Archer-Daniels-Midland

Market Cap: US$29.1b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Advanced Info Service

Market Cap: ฿928.0b

Operates as a telecommunications and technology company primarily in Thailand.

Kellanova

Market Cap: US$28.9b

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

Fifth Third Bancorp

Market Cap: US$28.9b

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.

Ørsted

Market Cap: DKK 186.1b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

China Tower

Market Cap: HK$223.4b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

ABN AMRO Bank

Market Cap: €24.7b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Amrize

Market Cap: CHF 22.9b

Focuses on building materials business in North America.

Bank of Jiangsu

Market Cap: CN¥200.9b

Provides various banking products and services in China.

Dai-ichi Life Holdings

Market Cap: JP¥4.4t

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

National Bank of KuwaitK.P

Market Cap: د.ك8.7b

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.

Japan Post Holdings

Market Cap: JP¥4.4t

Provides postal, banking, and insurance services in Japan.

First Solar

Market Cap: US$28.2b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.