Hong Kong Media Defensive Blue Chips

Axis Bank

Market Cap: ₹3.9t

Provides various financial products and services in India and internationally.

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.6b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

United Overseas Bank

Market Cap: S$57.4b

Provides banking products and services worldwide.

American International Group

Market Cap: US$43.7b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

Orange

Market Cap: €37.6b

Operates as a telecommunications operator in France and internationally.

Aeon

Market Cap: JP¥6.6t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Target

Market Cap: US$42.7b

Operates as a general merchandise retailer in the United States.

National Bank of Canada

Market Cap: CA$59.6b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Standard Chartered

Market Cap: UK£31.8b

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

Public Service Enterprise Group

Market Cap: US$41.8b

Through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States.

Fubon Financial Holding

Market Cap: NT$1.3t

Provides various financial services in Taiwan, Asia, and internationally.

Coca-Cola Europacific Partners

Market Cap: €35.9b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

NAURA Technology Group

Market Cap: CN¥292.2b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

UltraTech Cement

Market Cap: ₹3.6t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

JAPAN POST BANK

Market Cap: JP¥6.1t

Provides financial products and services in Japan and internationally.

QNB Bank

Market Cap: ₺1.7t

Provides various banking products and services in Turkey.

Heidelberg Materials

Market Cap: €34.1b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

ResMed

Market Cap: US$38.9b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Vulcan Materials

Market Cap: US$38.8b

Produces and supplies construction aggregates in the United States.

Great-West Lifeco

Market Cap: CA$54.2b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Commerzbank

Market Cap: €33.3b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Koninklijke Ahold Delhaize

Market Cap: €33.1b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Tesco

Market Cap: UK£28.8b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Swisscom

Market Cap: CHF 30.4b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

DNB Bank

Market Cap: NOK 381.5b

Provides financial services to individuals and businesses in Norway and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 30.4b

Engages in the manufacture and sale of chocolate products worldwide.

Skandinaviska Enskilda Banken

Market Cap: SEK 357.4b

Provides corporate, retail, investment, and private banking services.

Cardinal Health

Market Cap: US$37.9b

Operates as a healthcare services and products company in the United States and internationally.

Alcon

Market Cap: CHF 30.1b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ139.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

FBC Holdings

Market Cap: US$4.9b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

NTPC

Market Cap: ₹3.3t

Operates as an integrated power company in India.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥268.2b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Sysco

Market Cap: US$37.6b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Martin Marietta Materials

Market Cap: US$37.5b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Hershey

Market Cap: US$37.3b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.