Indonesian Consumer Services Defensive Blue Chips

Banco de Sabadell

Market Cap: €15.3b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Vodacom Group

Market Cap: R284.8b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Enpara Bank

Market Cap: ₺810.9b

Provides banking services and products in Turkey.

Banco Comercial Português

Market Cap: €15.1b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Zimmer Biomet Holdings

Market Cap: US$17.3b

Operates as a medical technology company worldwide.

Hua Nan Financial Holdings

Market Cap: NT$552.5b

Provides financial services in Taiwan and internationally.

Mora Telematika Indonesia

Market Cap: Rp310.5t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Elia Group

Market Cap: €14.9b

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

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Nexchip Semiconductor (China)

Market Cap: CN¥113.8b

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

Beijing YanDong MicroElectronic

Market Cap: CN¥113.5b

Beijing YanDong MicroElectronic Co., Ltd.

China Resources Microelectronics

Market Cap: CN¥112.9b

Engages in the manufacture and sale of semiconductors in China and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥112.5b

Produces and sells alcoholic products in China and internationally.

Bank of Hangzhou

Market Cap: CN¥111.6b

Provides various banking products and services in China.

Krung Thai Bank

Market Cap: ฿548.6b

Engages in commercial banking business in Thailand and internationally.

Bank Polska Kasa Opieki

Market Cap: zł61.7b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

KGI Financial Holding

Market Cap: NT$521.1b

Operates as a financial company in Taiwan and internationally.

Amkor Technology

Market Cap: US$16.2b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Kasikornbank

Market Cap: ฿536.0b

Provides commercial banking products and services in Thailand and internationally.

ING Bank Slaski

Market Cap: zł60.3b

Provides various banking products and services for retail clients and businesses in Poland.

Bank of Beijing

Market Cap: CN¥108.3b

Provides various banking services to individuals and corporates in China.

Hua Xia Bank

Market Cap: CN¥108.2b

Provides commercial banking services in China and Hong Kong.

Banco Santander-Chile

Market Cap: CL$14.8t

Provides commercial and retail banking products and services in Chile.

ASR Nederland

Market Cap: €13.9b

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

SDIC Power Holdings

Market Cap: CN¥107.7b

Engages in the electricity generation business in China.

mBank

Market Cap: zł59.7b

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

National Silicon Industry Group

Market Cap: CN¥107.4b

National Silicon Industry Group Co., Ltd.

Kansai Electric Power Company

Market Cap: JP¥2.6t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

Airtel Africa

Market Cap: UK£11.7b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

SiTime

Market Cap: US$15.6b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

National Bank of Greece

Market Cap: €13.7b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

FinecoBank Banca Fineco

Market Cap: €13.6b

Provides banking, credit, trading and investment services in Italy.

Powszechny Zaklad Ubezpieczen

Market Cap: zł58.5b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

BAWAG Group

Market Cap: €13.5b

Operates as a holding company for BAWAG P.S.K.

ageas

Market Cap: €13.5b

Engages in insurance business.