U.K. Utilities Defensive Blue Chips

HCA Healthcare

Market Cap: US$99.7b

Through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States.

AIA Group

Market Cap: HK$774.9b

Provides life insurance based financial services in Hong Kong.

BNP Paribas

Market Cap: €84.4b

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

CVS Health

Market Cap: US$97.6b

Provides health solutions in the United States.

Enel

Market Cap: €83.9b

Operates as an integrated operator in electricity and gas industries worldwide.

AXA

Market Cap: €83.0b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Semiconductor Manufacturing International

Market Cap: HK$744.5b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

China Yangtze Power

Market Cap: CN¥678.5b

Engages in hydropower generation business in China, Brazil, Germany, Malaysia, Pakistan, Peru, Portugal, and Sudan.

McKesson

Market Cap: US$94.0b

Provides healthcare services in the United States and internationally.

Postal Savings Bank of China

Market Cap: HK$725.5b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

State Bank of India

Market Cap: ₹8.1t

Provides banking products and services in India and internationally.

Bank of Montreal

Market Cap: CA$127.1b

Engages in the provision of diversified financial services primarily in North America.

National Australia Bank

Market Cap: AU$134.5b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

Tokyo Electron

Market Cap: JP¥13.4t

Develops, manufactures, and sells semiconductor production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally.

Westpac Banking

Market Cap: AU$133.9b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

Advantest

Market Cap: JP¥13.0t

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

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €73.1b

Engages in the insurance and reinsurance businesses worldwide.

China Telecom

Market Cap: HK$649.6b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

NTT

Market Cap: JP¥12.6t

Operates as a telecommunications company in Japan and internationally.

Cigna Group

Market Cap: US$81.9b

Provides insurance and related products and services in the United States.

Elevance Health

Market Cap: US$81.6b

Operates as a health benefits company in the United States.

Marvell Technology

Market Cap: US$79.7b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Bank of Communications

Market Cap: HK$619.6b

Provides commercial banking products and services in China and internationally.

Barito Renewables Energy

Market Cap: Rp1321.1t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

CRH

Market Cap: US$79.0b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Tokio Marine Holdings

Market Cap: JP¥12.0t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Aon

Market Cap: US$78.8b

A professional services firm, provides a range of risk and human capital solutions worldwide.

Arthur J. Gallagher

Market Cap: US$78.7b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Hygon Information Technology

Market Cap: CN¥560.3b

Engages in the research and development of computing chip products and systems in China.

Bank of Nova Scotia

Market Cap: CA$109.8b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Nongfu Spring

Market Cap: HK$607.9b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Econet Wireless Zimbabwe

Market Cap: US$10.1b

Through its subsidiaries, primarily provides mobile telecommunications and related overlay services in Zimbabwe.

Mizuho Financial Group

Market Cap: JP¥11.8t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

PNC Financial Services Group

Market Cap: US$74.9b

Operates as a diversified financial services company in the United States.

Nu Holdings

Market Cap: US$74.7b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Canadian Imperial Bank of Commerce

Market Cap: CA$104.3b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.