Hong Kong Materials Defensive Blue Chips

Altria Group

Market Cap: US$116.6b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

HDFC Bank

Market Cap: ₹11.1t

Provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai.

Bank of Nova Scotia

Market Cap: CA$158.3b

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

Oversea-Chinese Banking

Market Cap: S$140.0b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Zurich Insurance Group

Market Cap: CHF 90.1b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Stryker

Market Cap: US$108.0b

Operates as a medical technology company in the United States and internationally.

Cambricon Technologies

Market Cap: CN¥713.7b

Engages in the research, development, design, and sale of core AI chips for terminal devices in China.

Al Rajhi Banking and Investment

Market Cap: ر.س395.4b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

McKesson

Market Cap: US$104.9b

Provides healthcare services in the United States and internationally.

CaixaBank

Market Cap: €91.0b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

ING Groep

Market Cap: €90.9b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

China Yangtze Power

Market Cap: CN¥696.4b

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

AXA

Market Cap: €89.4b

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

Canadian Imperial Bank of Commerce

Market Cap: CA$143.3b

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.

ICICI Bank

Market Cap: ₹9.8t

Engages in the provision of various banking and financial services to corporate and retail customers in India and internationally.

AIA Group

Market Cap: HK$793.3b

Provides life insurance based financial services in Hong Kong.

Tokio Marine Holdings

Market Cap: JP¥15.4t

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

U.S. Bancorp

Market Cap: US$96.9b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Bank of Communications

Market Cap: HK$757.5b

Provides commercial banking products and services in China and internationally.

PNC Financial Services Group

Market Cap: US$96.1b

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

State Bank of India

Market Cap: ₹9.2t

Provides banking products and services in India and internationally.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

Semiconductor Manufacturing International

Market Cap: HK$742.9b

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.

Postal Savings Bank of China

Market Cap: HK$739.0b

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

Constellation Energy

Market Cap: US$91.9b

Produces and sells energy products and services in the United States.

HCA Healthcare

Market Cap: US$91.8b

Through its subsidiaries, provides health care services in the United States.

Elevance Health

Market Cap: US$90.6b

Operates as a health benefits company in the United States.

Monster Beverage

Market Cap: US$87.3b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Lloyds Banking Group

Market Cap: UK£64.2b

Provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom.

Marsh & McLennan Companies

Market Cap: US$85.8b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Barclays

Market Cap: UK£63.7b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Comcast

Market Cap: US$84.2b

Operates as a media and technology company worldwide.

Westpac Banking

Market Cap: AU$117.6b

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

ASE Technology Holding

Market Cap: NT$2.7t

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

National Australia Bank

Market Cap: AU$117.3b

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

Infineon Technologies

Market Cap: €71.3b

Develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.