Ghanaian Materials Defensive Blue Chips

China Zheshang Bank

Market Cap: HK$87.8b

Provides corporate and retail banking services in Mainland China.

Ooredoo Q.P.S.C

Market Cap: ر.ق40.7b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Enpara Bank

Market Cap: ₺543.4b

Provides banking services and products in Turkey.

Discovery

Market Cap: R180.6b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Ingenic Semiconductor

Market Cap: CN¥73.5b

Designs, develops, and sells system-on-a-chip (SoC) products for various electronic devices worldwide.

WH Group

Market Cap: HK$85.4b

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

Marico

Market Cap: ₹1.0t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

United Nova TechnologyLtd

Market Cap: CN¥72.6b

Manufactures and markets power discrete and modules in China and internationally.

Mowi

Market Cap: NOK 102.1b

A seafood company, produces and sells Atlantic salmon products worldwide.

Chang Hwa Commercial Bank

Market Cap: NT$343.1b

Provides commercial banking products and services in Taiwan and internationally.

Unicaja Banco

Market Cap: €9.4b

Engages in the retail banking business in Spain.

Powerchip Semiconductor Manufacturing

Market Cap: NT$342.5b

Engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally.

Globalstar

Market Cap: US$10.8b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$84.2b

Provides banking and related financial services in the People’s Republic of China.

KINGSEMI

Market Cap: CN¥71.8b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫281.6t

Provides various banking products and services in Vietnam and internationally.

Shoprite Holdings

Market Cap: R173.0b

An investment holding company, engages in the food retail and wholesale business in South Africa and internationally.

SD Guthrie Berhad

Market Cap: RM 43.2b

Operates as an integrated plantations company in Malaysia and internationally.

Sanlam

Market Cap: R171.9b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Konfoong Materials International

Market Cap: CN¥70.7b

Konfoong Materials International Co., Ltd.

BIM Birlesik Magazalar

Market Cap: ₺513.4b

Operates retail stores in Turkey, Morocco, and Egypt.

Cooper Companies

Market Cap: US$10.5b

Develops, manufactures, and markets contact lens wearers.

Maplebear

Market Cap: US$10.5b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Novatek Microelectronics

Market Cap: NT$333.5b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Align Technology

Market Cap: US$10.5b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Eneva

Market Cap: R$53.5b

An integrated energy company, engages in the exploration, production, and commercialization of natural gas and liquids in Brazil.

Vienna Insurance Group

Market Cap: €9.1b

Engages in providing insurance products and services in Austria and internationally.

Molina Healthcare

Market Cap: US$10.5b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Universal Health Services

Market Cap: US$10.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Guangdong Haid Group

Market Cap: CN¥69.7b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Beazley

Market Cap: UK£7.8b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

United Spirits

Market Cap: ₹991.9b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

BUA Foods

Market Cap: ₦13.7t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Indus Towers

Market Cap: ₹991.3b

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for telecommunication service providers in India, Nigeria, Uganda, and Zambia.

Qorvo

Market Cap: US$10.3b

Engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe.