Ghanaian Utilities Defensive Blue Chips

Industrial Bank of Korea

Market Cap: ₩16.7t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Nexchip Semiconductor

Market Cap: CN¥73.8b

Engages in the research, development, production, and sale of integrated circuit-related products in China and internationally.

Magnum Ice Cream

Market Cap: €9.4b

Engages in the ice cream business in the Netherlands.

Lotus Bakeries

Market Cap: €9.4b

Provides various snack products in Belgium and internationally.

Guangdong Haid Group

Market Cap: CN¥73.3b

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

OPC Energy

Market Cap: ₪31.9b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

Sanlam

Market Cap: R176.6b

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

Realtek Semiconductor

Market Cap: NT$337.7b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Caixa Seguridade Participações

Market Cap: R$55.1b

Provides insurance products in Brazil and internationally.

Sanan OptoelectronicsLtd

Market Cap: CN¥71.8b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

Hong Leong Bank Berhad

Market Cap: RM 43.1b

Operates as a financial services company in Malaysia and internationally.

Skyworks Solutions

Market Cap: US$10.6b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Smithfield Foods

Market Cap: US$10.6b

Produces various packaged meats and fresh pork products in the United States and internationally.

Busy Ming Group

Market Cap: HK$82.7b

Through its subsidiaries, operates as a food and beverage retailer in China.

Manila Electric

Market Cap: ₱647.0b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Mowi

Market Cap: NOK 100.2b

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

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

King Yuan Electronics

Market Cap: NT$332.6b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Baxter International

Market Cap: US$10.5b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Tsingtao Brewery

Market Cap: CN¥71.1b

Engages in the manufacture and sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Alchip Technologies

Market Cap: NT$331.0b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

Insulet

Market Cap: US$10.4b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Wintrust Financial

Market Cap: US$10.4b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Ingenic SemiconductorLtd

Market Cap: CN¥70.2b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.

TIM

Market Cap: R$53.6b

Engages in the telecommunications sector in Brazil.

Globalstar

Market Cap: US$10.3b

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

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Molina Healthcare

Market Cap: US$10.3b

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.

Kinsus Interconnect Technology

Market Cap: NT$326.2b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Tanganda Tea

Market Cap: US$1.3b

Engages in the production, package, and distribution of tea and coffee products in Zimbabwe.

SD Guthrie Berhad

Market Cap: RM 41.8b

Operates as an integrated plantations company in Malaysia and internationally.

Orkla

Market Cap: NOK 97.4b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Max Healthcare Institute

Market Cap: ₹982.0b

Provides medical and healthcare services in India.

Encompass Health

Market Cap: US$10.3b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Beazley

Market Cap: UK£7.6b

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