Icelandic Retail Defensive Blue Chips

Jerónimo Martins SGPS

Market Cap: €13.0b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Mapfre

Market Cap: €12.7b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Punjab National Bank

Market Cap: ₹1.3t

Provides various banking and financial products and services in India and internationally.

First Mutual Holdings

Market Cap: US$1.9b

Provides life assurance, non-life insurance in Zimbabwe.

Suncorp Group

Market Cap: AU$22.3b

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

Guangdong Haid Group

Market Cap: CN¥104.4b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

East West Bancorp

Market Cap: US$14.6b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Telia Company

Market Cap: SEK 139.6b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Huaneng Power International

Market Cap: HK$113.7b

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

Hua Xia Bank

Market Cap: CN¥103.9b

Provides commercial banking services in China and Hong Kong.

National Bank of Greece

Market Cap: €12.6b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Gjensidige Forsikring

Market Cap: NOK 144.8b

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

Uni-President Enterprises

Market Cap: NT$440.9b

Engages in the manufacture and marketing of food products in Taiwan and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥101.9b

Offers liquors and wines.

Kerry Group

Market Cap: €12.3b

Provides taste and nutrition solutions.

Chandra Daya Investasi

Market Cap: Rp238.2t

Operates as an infrastructure investment holding company.

Grupo Bimbo. de

Market Cap: Mex$262.7b

Produces, distributes, and markets bakery products.

JBS

Market Cap: US$14.3b

Operates as a protein and food company worldwide.

Metro

Market Cap: CA$19.9b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Wilmar International

Market Cap: S$18.3b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$109.8b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Bankinter

Market Cap: €12.1b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Grupo Cibest

Market Cap: Col$54.6t

Provides banking products and services in Colombia and internationally.

Rigetti Computing

Market Cap: US$14.0b

Through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.

Tata Power

Market Cap: ₹1.2t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Cooper Companies

Market Cap: US$14.0b

Develops, manufactures, and markets contact lens wearers.

Origin Energy

Market Cap: AU$21.0b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

ASR Nederland

Market Cap: €12.0b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Doximity

Market Cap: US$13.8b

Operates as a digital platform for medical professionals in the United States.

First Financial Holding

Market Cap: NT$416.3b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Olympus

Market Cap: JP¥2.1t

Manufactures and sells precision machineries and instruments worldwide.

Santander Bank Polska

Market Cap: zł49.7b

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

Etihad Etisalat

Market Cap: ر.س50.9b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Arab National Bank

Market Cap: ر.س50.8b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Woori Financial Group

Market Cap: ₩19.1t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Power Assets Holdings

Market Cap: HK$104.7b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.