Indian Utilities Defensive Blue Chips

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥143.9b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

Banco Santander (Brasil)

Market Cap: R$108.3b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

CIMB Group Holdings Berhad

Market Cap: RM 86.6b

Provides various banking products and services in Malaysia and internationally.

Yuanjie Semiconductor Technology

Market Cap: CN¥142.3b

Yuanjie Semiconductor Technology Co., Ltd.

Banco de Chile

Market Cap: CL$19.4t

Provides commercial banking services in Chile.

Tyson Foods

Market Cap: US$20.9b

Operates as a food company worldwide.

China United Network Communications

Market Cap: CN¥141.0b

Provides telecommunication services in the People’s Republic of China.

Adani Energy Solutions

Market Cap: ₹2.0t

Generates, transmits, and distributes power in India.

ASPEED Technology

Market Cap: NT$664.3b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Cellnex Telecom

Market Cap: €17.6b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Telefônica Brasil

Market Cap: R$103.2b

Operates as a mobile telecommunications company in Brazil.

Straumann Holding

Market Cap: CHF 16.4b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Bunge Global

Market Cap: US$20.2b

Operates as an agribusiness and food company worldwide.

Bank of Ireland Group

Market Cap: €17.5b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Uniper

Market Cap: €17.5b

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

Bank of Shanghai

Market Cap: CN¥136.1b

Provides various banking products and services in China.

SBI Life Insurance

Market Cap: ₹1.9t

Operates as a life insurance company in India.

Tenet Healthcare

Market Cap: US$20.1b

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

Technoprobe

Market Cap: €17.5b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Fortum Oyj

Market Cap: €17.5b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

China Jushi

Market Cap: CN¥135.2b

Manufactures and sells fiberglass and related products in China and internationally.

CK Infrastructure Holdings

Market Cap: HK$156.6b

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.

Associated British Foods

Market Cap: UK£14.9b

Engages in the food, ingredients, and retail businesses worldwide.

Erste Bank Polska

Market Cap: zł74.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Pernod Ricard

Market Cap: €17.3b

Produces and sells wines and spirits worldwide.

Winbond Electronics

Market Cap: NT$643.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Luzhou LaojiaoLtd

Market Cap: CN¥133.0b

Produces and sells alcoholic products in China and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 89.4b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Suzhou Centec Communications

Market Cap: CN¥132.0b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

MACOM Technology Solutions Holdings

Market Cap: US$19.5b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Saudi Energy

Market Cap: ر.س73.3b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Telenor

Market Cap: NOK 185.5b

Operates as a telecommunication company worldwide.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫508.0t

Provides banking products and services in Vietnam.

Wilmar International

Market Cap: S$24.7b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

NMBZ Holdings

Market Cap: US$2.5b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Mizrahi Tefahot Bank

Market Cap: ₪58.6b

Provides various banking services in Israel and internationally.