Hong Kong Utilities Defensive Blue Chips

Far EasTone Telecommunications

Market Cap: NT$328.1b

Engages in the provision of telecommunications and digital application services in Taiwan.

United Spirits

Market Cap: ₹949.8b

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

mBank

Market Cap: zł39.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Krung Thai Bank

Market Cap: ฿346.6b

Engages in commercial banking business in Thailand and internationally.

iA Financial

Market Cap: CA$14.8b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Sanlam

Market Cap: R181.4b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Anhui Gujing Distillery

Market Cap: CN¥75.5b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Manila Electric

Market Cap: ₱617.1b

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

Centrica

Market Cap: UK£7.9b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Indus Towers

Market Cap: ₹935.8b

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

ICICI Lombard General Insurance

Market Cap: ₹934.3b

Provides various general insurance products and services in India.

Old Republic International

Market Cap: US$10.5b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.

Carrefour

Market Cap: €9.0b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Marico

Market Cap: ₹929.3b

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

Marks and Spencer Group

Market Cap: UK£7.8b

Operates various retail stores.

Vietnam Technological and Commercial Bank

Market Cap: ₫275.2t

Provides personal and corporate banking products and services in Vietnam and internationally.

Rambus

Market Cap: US$10.4b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Coca-Cola Consolidated

Market Cap: US$10.4b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Enel Américas

Market Cap: CL$9.9t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Chubu Electric Power Company

Market Cap: JP¥1.6t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

TIM

Market Cap: R$55.2b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Bajaj Housing Finance

Market Cap: ₹916.8b

Provides housing finance services in India.

Celcomdigi Berhad

Market Cap: RM 43.5b

An investment holding company, provides mobile communication services and related products in Malaysia.

Bank of Chengdu

Market Cap: CN¥73.5b

Provides various commercial banking products and services in China.

M3

Market Cap: JP¥1.6t

Provides medical-related services primarily to physicians and other healthcare professionals through the Internet.

Comerica

Market Cap: US$10.3b

Provides financial services in the United States, Canada, and Mexico.

Maplebear

Market Cap: US$10.3b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Huadong Medicine

Market Cap: CN¥73.0b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Hon. Precision

Market Cap: NT$312.7b

Manufactures and sells handlers in Taiwan.

Redeia Corporación

Market Cap: €8.8b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

Orkla

Market Cap: NOK 101.9b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Piotech

Market Cap: CN¥72.5b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Alpha Bank

Market Cap: €8.8b

Provides various banking and financial products and services in Greece and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 8.1b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

SouthState Bank

Market Cap: US$10.1b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.