Indonesian Tech Defensive Blue Chips

KBC Group

Market Cap: €52.0b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Truist Financial

Market Cap: US$59.2b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Cencora

Market Cap: US$59.0b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ216.8b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Aflac

Market Cap: US$58.5b

Through its subsidiaries, provides supplemental health and life insurance products.

Teradyne

Market Cap: US$58.1b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Saudi Telecom

Market Cap: ر.س217.9b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

National Bank of Canada

Market Cap: CA$80.9b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

CRH

Market Cap: US$57.7b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

NXP Semiconductors

Market Cap: US$57.5b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

Monolithic Power Systems

Market Cap: US$57.5b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

Nanya Technology

Market Cap: NT$1.8t

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

Industrial Bank

Market Cap: CN¥376.3b

Provides banking products and services in the People’s Republic of China.

Singapore Telecommunications

Market Cap: S$71.0b

Provides telecommunication services in Singapore, Australia, and internationally.

Nongfu Spring

Market Cap: HK$434.1b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

United Overseas Bank

Market Cap: S$68.9b

Provides banking products and services worldwide.

Life Insurance Corporation of India

Market Cap: ₹5.2t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Sempra

Market Cap: US$53.7b

Engages in the regulated utilities business in the United States and Mexico.

Erste Group Bank

Market Cap: €46.1b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Cardinal Health

Market Cap: US$52.6b

Operates as a healthcare services and products company in the United States and internationally.

Alimentation Couche-Tard

Market Cap: CA$73.3b

Operates and licenses convenience stores in North America, Europe, and Asia.

Emirates NBD Bank PJSC

Market Cap: د.إ192.1b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

E.ON

Market Cap: €45.4b

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

Loblaw Companies

Market Cap: CA$72.3b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ187.8b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Astera Labs

Market Cap: US$50.9b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.

Edwards Lifesciences

Market Cap: US$50.9b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥338.1b

Advanced Micro-Fabrication Equipment Inc.

Commerzbank

Market Cap: €43.9b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, and Asia.

Endesa

Market Cap: €43.6b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Swiss Re

Market Cap: CHF 40.8b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Becton Dickinson

Market Cap: US$49.4b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Entergy

Market Cap: US$49.4b

Engages in the production and retail distribution of electricity in the United States.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

RWE

Market Cap: €42.8b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Fifth Third Bancorp

Market Cap: US$48.3b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.