Croatian Consumer Services Defensive Blue Chips

Smith & Nephew

Market Cap: UK£10.5b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Gjensidige Forsikring

Market Cap: NOK 140.0b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

ASR Nederland

Market Cap: €11.8b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

WH Group

Market Cap: HK$107.4b

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

Budweiser Brewing Company APAC

Market Cap: HK$107.1b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Uni-President Enterprises

Market Cap: NT$430.1b

Produces and sells food products in Taiwan and internationally.

Hua Nan Financial Holdings

Market Cap: NT$427.9b

Provides financial services in Taiwan and internationally.

Xi'an ESWIN Material Technology

Market Cap: CN¥96.4b

Xi'an ESWIN Material Technology Co., Ltd.

Etihad Etisalat

Market Cap: ر.س51.1b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Santander Bank Polska

Market Cap: zł49.3b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Fresenius Medical Care

Market Cap: €11.6b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.1t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Raiffeisen Bank International

Market Cap: €11.5b

Offers banking services to corporate, private, and institutional customers.

Osaka Gas

Market Cap: JP¥2.1t

Provides gas, electricity, and other energy products and services in Japan and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$13.3b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Jiangsu Yanghe Distillery

Market Cap: CN¥93.9b

Offers liquors and wines.

Elia Group

Market Cap: €11.4b

Develops and operates as a transmission system operator in Belgium and Germany.

Helvetia Holding

Market Cap: CHF 10.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Israel Discount Bank

Market Cap: ₪42.8b

Provides various banking and financial services in Israel, Europe, and North America.

Origin Energy

Market Cap: AU$20.0b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Mashreqbank PSC

Market Cap: د.إ48.3b

Provides various banking and financial services to individuals and corporates.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥92.7b

Henan Shuanghui Investment & Development Co.,Ltd.

Everest Group

Market Cap: US$13.1b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Tower Semiconductor

Market Cap: US$13.1b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Guangdong Haid Group

Market Cap: CN¥91.8b

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

Union Bank of India

Market Cap: ₹1.2t

Provides banking products and services in India.

Fisher & Paykel Healthcare

Market Cap: NZ$22.4b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Vodafone Idea

Market Cap: ₹1.2t

Provides mobile telecommunication services in India.

Shanghai Rural Commercial Bank

Market Cap: CN¥90.8b

Provides a range of banking products and services to individual and corporate customers in China.

Telecom Italia

Market Cap: €11.0b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Banco de Crédito e Inversiones

Market Cap: CL$11.7t

Provides various banking products and services in Chile, United States, and Peru.

First Financial Holding

Market Cap: NT$399.0b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

BB Seguridade Participações

Market Cap: R$67.6b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Jentech Precision Industrial

Market Cap: NT$398.0b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Hormel Foods

Market Cap: US$12.7b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.