Indonesian Real Estate Defensive Blue Chips

Jiangsu Yanghe Distillery

Market Cap: CN¥105.2b

Offers liquors and wines.

bioMérieux

Market Cap: €12.8b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

CEMEX. de

Market Cap: Mex$272.4b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Ryan Specialty Holdings

Market Cap: US$14.5b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Grupo Financiero Inbursa. de

Market Cap: Mex$269.8b

Provides various financial products and services to individuals and businesses in Mexico.

Tata Power

Market Cap: ₹1.3t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Uni-President Enterprises

Market Cap: NT$443.8b

Produces and sells food products in Taiwan and internationally.

Canara Bank

Market Cap: ₹1.3t

Provides various banking products and services in India and internationally.

Universal Health Services

Market Cap: US$14.3b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Metro

Market Cap: CA$20.1b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Airtel Africa

Market Cap: UK£10.8b

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

Powszechny Zaklad Ubezpieczen

Market Cap: zł52.1b

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

Mapfre

Market Cap: €12.1b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Uniper

Market Cap: €12.1b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Fresenius Medical Care

Market Cap: €12.1b

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

Nanya Technology

Market Cap: NT$427.6b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Brookfield Wealth Solutions

Market Cap: US$13.8b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Bankinter

Market Cap: €12.0b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

East West Bancorp

Market Cap: US$13.8b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

ASR Nederland

Market Cap: €12.0b

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

Cooper Companies

Market Cap: US$13.7b

Develops, manufactures, and markets contact lens wearers.

Power Assets Holdings

Market Cap: HK$106.8b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

National Bank of Greece

Market Cap: €11.9b

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

Samsung Fire & Marine Insurance

Market Cap: ₩19.6t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Santander Bank Polska

Market Cap: zł50.2b

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

Banco Santander-Chile

Market Cap: CL$12.8t

Provides commercial and retail banking products and services in Chile.

SCB X

Market Cap: ฿439.4b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Bank Polska Kasa Opieki

Market Cap: zł50.0b

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

Gjensidige Forsikring

Market Cap: NOK 137.8b

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

GD Power DevelopmentLtd

Market Cap: CN¥96.1b

Operates as a power generation company in China.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Suncorp Group

Market Cap: AU$20.7b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Turkiye Garanti Bankasi

Market Cap: ₺567.0b

Provides various banking products and services in Turkey.

Etihad Etisalat

Market Cap: ر.س50.5b

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

Guangdong Haid Group

Market Cap: CN¥95.7b

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

Eurobank Ergasias Services and Holdings

Market Cap: €11.7b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.