Indonesian Real Estate Defensive Blue Chips

Reinsurance Group of America

Market Cap: US$12.3b

Provides reinsurance and financial solutions.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.1b

Produces and supplies hydro, wind, and energy electricity in Romania.

Israel Discount Bank

Market Cap: ₪39.9b

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

BB Seguridade Participações

Market Cap: R$65.3b

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

Piotech

Market Cap: CN¥86.8b

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

True Corporation

Market Cap: ฿393.9b

Provides telecommunications and value-added services in Thailand.

Cochlear

Market Cap: AU$18.6b

Provides implantable hearing solutions for children and adults worldwide.

RenaissanceRe Holdings

Market Cap: US$12.1b

Provides reinsurance and insurance products in the United States and internationally.

Osaka Gas

Market Cap: JP¥1.9t

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

Taiwan Cooperative Financial Holding

Market Cap: NT$374.0b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Chandra Daya Investasi

Market Cap: Rp201.1t

Operates as an infrastructure investment holding company.

IDBI Bank

Market Cap: ₹1.1t

Provides banking and financial solutions to retail and corporate customers in India.

CNA Financial

Market Cap: US$12.0b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Insurance Australia Group

Market Cap: AU$18.5b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Shanghai Rural Commercial Bank

Market Cap: CN¥85.4b

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

Zegona Communications

Market Cap: UK£9.2b

Provides integrated telecommunications services in Spain.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ43.9b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

BDO Unibank

Market Cap: ₱704.0b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.5b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

BJ's Wholesale Club Holdings

Market Cap: US$11.9b

Operates membership warehouse clubs on the eastern half of the United States.

Alibaba Health Information Technology

Market Cap: HK$92.3b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Aegon

Market Cap: €10.3b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Hormel Foods

Market Cap: US$11.9b

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

ACM Research (Shanghai)

Market Cap: CN¥84.3b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Encompass Health

Market Cap: US$11.8b

Provides post-acute healthcare services in the United States and Puerto Rico.

Krung Thai Bank

Market Cap: ฿380.8b

Engages in commercial banking business in Thailand and internationally.

Raiffeisen Bank International

Market Cap: €10.2b

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

Dino Polska

Market Cap: zł43.3b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Indus Towers

Market Cap: ₹1.0t

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.

Mowi

Market Cap: NOK 119.1b

A seafood company, produces and sells Atlantic salmon products worldwide.

United Spirits

Market Cap: ₹1.0t

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

BKW

Market Cap: CHF 9.3b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

ICICI Lombard General Insurance

Market Cap: ₹1.0t

Provides various general insurance products and services in India.

Bank Permata

Market Cap: Rp190.9t

Provides various banking products and services in Indonesia.

Coca-Cola Consolidated

Market Cap: US$11.4b

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