Indian Telecom Defensive Blue Chips

Power Assets Holdings

Market Cap: HK$120.8b

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.

Pro Medicus

Market Cap: AU$22.2b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

SCB X

Market Cap: ฿513.5b

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

Ingenic SemiconductorLtd

Market Cap: CN¥104.2b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.

Mapfre

Market Cap: €13.4b

Engages in insurance, reinsurance, and financial activities in Spain.

First Financial Holding

Market Cap: NT$490.3b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Bankinter

Market Cap: €13.3b

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

Beijing E-Town Semiconductor Technology

Market Cap: CN¥103.6b

Beijing E-Town Semiconductor Technology Co., Ltd.

Kerry Group

Market Cap: €13.3b

Provides taste and nutrition solutions.

JD Health International

Market Cap: HK$119.2b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Pinnacle Financial Partners

Market Cap: US$15.2b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Puya Semiconductor (Shanghai)

Market Cap: CN¥102.7b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

Reinsurance Group of America

Market Cap: US$15.1b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ55.4b

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

DaVita

Market Cap: US$15.0b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Chubu Electric Power Company

Market Cap: JP¥2.4t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Asahi Group Holdings

Market Cap: JP¥2.4t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Woori Financial Group

Market Cap: ₩22.4t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Admiral Group

Market Cap: UK£11.1b

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

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.8b

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

Sonova Holding

Market Cap: CHF 11.9b

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.

Everest Group

Market Cap: US$14.8b

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

Banco de Crédito e Inversiones

Market Cap: CL$13.8t

Provides various banking products and services in Chile, the United States, and Peru.

Phison Electronics

Market Cap: NT$473.1b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥100.0b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Attijariwafa bank

Market Cap: د.م137.4b

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

Tongfu MicroelectronicsLtd

Market Cap: CN¥99.6b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Jentech Precision Industrial

Market Cap: NT$469.5b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

BrightSpring Health Services

Market Cap: US$14.6b

Operates as a home and community-based healthcare services platform in the United States.

BB Seguridade Participações

Market Cap: R$75.2b

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

Brookfield Wealth Solutions

Market Cap: US$14.6b

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

Rede D'Or São Luiz

Market Cap: R$74.9b

Engages in the provision of hospital services in Brazil.

T&D Holdings

Market Cap: JP¥2.4t

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

Hippo Valley Estates

Market Cap: US$1.9b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

James Hardie Industries

Market Cap: AU$20.9b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

African Distillers

Market Cap: US$1.8b

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