Indian Commercial Services Defensive Blue Chips

E.SUN Financial Holding Company

Market Cap: NT$554.2b

Provides various financial banking products and services in Taiwan.

Principal Financial Group

Market Cap: US$18.1b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Tenaga Nasional Berhad

Market Cap: RM 76.1b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Bank of Beijing

Market Cap: CN¥128.1b

Provides various banking services to personal and corporate customers in China.

NN Group

Market Cap: €15.3b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

AIB Group

Market Cap: €15.3b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Sonova Holding

Market Cap: CHF 14.3b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

JDE Peet's

Market Cap: €15.1b

Operates as a coffee and tea company worldwide.

Erie Indemnity

Market Cap: US$17.6b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

First Mutual Holdings

Market Cap: US$2.3b

Provides life assurance, non-life insurance in Zimbabwe.

US Foods Holding

Market Cap: US$17.6b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Coca-Cola FEMSA. de

Market Cap: US$17.5b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥124.8b

Advanced Micro-Fabrication Equipment Inc.

Talen Energy

Market Cap: US$17.4b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Grupo Nutresa S. A

Market Cap: Col$68.5t

Operates in the food industry in Colombia, Latin America, and internationally.

Attijariwafa bank

Market Cap: د.م157.2b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Uniper

Market Cap: €14.8b

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

Banco de Crédito del Perú

Market Cap: S/60.8b

Provides banking products and services to individuals, small-sized companies, and corporate customers in Peru.

Montage Technology

Market Cap: CN¥123.0b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

Anhui Conch Cement

Market Cap: HK$134.4b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Arca Continental. de

Market Cap: Mex$321.2b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥122.1b

China Three Gorges Renewables (Group) Co.,Ltd.

CK Infrastructure Holdings

Market Cap: HK$133.4b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Tenet Healthcare

Market Cap: US$17.0b

Operates as a diversified healthcare services company in the United States.

Mizrahi Tefahot Bank

Market Cap: ₪56.8b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

United Microelectronics

Market Cap: NT$517.3b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Aier Eye Hospital Group

Market Cap: CN¥120.1b

Operates eye care hospitals and institutions.

Wens Foodstuff Group

Market Cap: CN¥119.4b

Operates as a livestock and poultry farming company in China.

Smith & Nephew

Market Cap: UK£12.3b

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

Britannia Industries

Market Cap: ₹1.5t

Manufactures and sells various food products in India and internationally.

Alinma Bank

Market Cap: ر.س62.1b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Grupo Financiero Inbursa. de

Market Cap: Mex$309.4b

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

Performance Food Group

Market Cap: US$16.5b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Saudi Awwal Bank

Market Cap: ر.س61.6b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Fidelity National Financial

Market Cap: US$16.4b

Provides various insurance products in the United States.