Indian Materials Defensive Blue Chips

Power Assets Holdings

Market Cap: HK$122.8b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

ING Bank Slaski

Market Cap: zł58.2b

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

Reinsurance Group of America

Market Cap: US$15.5b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Asahi Group Holdings

Market Cap: JP¥2.4t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

SiTime

Market Cap: US$15.4b

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

Public Power

Market Cap: €13.3b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Kerry Group

Market Cap: €13.2b

Provides taste and nutrition solutions.

Grupo Bimbo. de

Market Cap: Mex$262.8b

Produces, distributes, and markets bakery products.

Admiral Group

Market Cap: UK£11.3b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Brookfield Wealth Solutions

Market Cap: US$15.1b

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

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

Grupo Financiero Inbursa. de

Market Cap: Mex$258.6b

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

Huaneng Power International

Market Cap: HK$117.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Coloplast

Market Cap: DKK 96.6b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Assurant

Market Cap: US$14.9b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ54.6b

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

Attijariwafa bank

Market Cap: د.م138.3b

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

Kirin Holdings Company

Market Cap: JP¥2.3t

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

Rede D'Or São Luiz

Market Cap: R$75.8b

Engages in the provision of hospital services in Brazil.

Gjensidige Forsikring

Market Cap: NOK 140.6b

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

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.2b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp261.2t

Provides information and communications technology, and telecommunications network services worldwide.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

Fisher & Paykel Healthcare

Market Cap: NZ$24.8b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Cooper Companies

Market Cap: US$14.6b

Develops, manufactures, and markets contact lens wearers.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$114.4b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Enpara Bank

Market Cap: ₺692.4b

Provides banking services and products in Turkey.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق52.9b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Suncorp Group

Market Cap: AU$20.6b

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

Phoenix Financial

Market Cap: ₪43.4b

Operates as a financial services company in Israel.

Everest Group

Market Cap: US$14.3b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Piraeus Bank

Market Cap: €12.4b

Provides various banking products and services in Greece, Europe, and internationally.

LONGi Green Energy Technology

Market Cap: CN¥96.3b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.

Mashreqbank PSC

Market Cap: د.إ52.2b

Provides various banking and financial services to individuals and corporates.

United Utilities Group

Market Cap: UK£10.5b

Provides water and wastewater services in the United Kingdom.