Italian Utilities Defensive Blue Chips

Huaneng Power International

Market Cap: HK$112.3b

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

Tenet Healthcare

Market Cap: US$14.2b

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

Jiangsu Yanghe Distillery

Market Cap: CN¥102.7b

Offers liquors and wines.

Kansai Electric Power Company

Market Cap: JP¥2.1t

Engages in electricity, gas and heat supply, and telecommunication businesses in Japan.

Tata Power

Market Cap: ₹1.2t

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

Bank Polska Kasa Opieki

Market Cap: zł52.4b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Unipol Assicurazioni

Market Cap: €12.2b

Provides insurance products and services primarily in Italy.

JDE Peet's

Market Cap: €12.2b

Operates as a coffee and tea company worldwide.

Telia Company

Market Cap: SEK 136.8b

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

Cooper Companies

Market Cap: US$14.1b

Develops, manufactures, and markets contact lens wearers.

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.

Everest Group

Market Cap: US$14.1b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

First Financial Holding

Market Cap: NT$420.9b

Through its subsidiaries, provides various in Taiwan, Asia, the United States, and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$14.0b

Operates membership warehouse clubs on the eastern half of the United States.

Banco de Chile

Market Cap: CL$13.5t

Operates as a commercial bank that provides banking services in Chile.

Bank of Baroda

Market Cap: ₹1.2t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

ASR Nederland

Market Cap: €12.0b

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

Max Healthcare Institute

Market Cap: ₹1.2t

Provides medical and healthcare services in India.

Power Assets Holdings

Market Cap: HK$108.7b

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

East West Bancorp

Market Cap: US$13.8b

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.

IHH Healthcare Berhad

Market Cap: RM 59.0b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Admiral Group

Market Cap: UK£10.4b

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

Olympus

Market Cap: JP¥2.1t

Manufactures and sells precision machineries and instruments worldwide.

BPER Banca

Market Cap: €11.7b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$106.7b

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

Brown-Forman

Market Cap: US$13.6b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Punjab National Bank

Market Cap: ₹1.2t

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

Mashreqbank PSC

Market Cap: د.إ49.8b

Provides various banking and financial services to individuals and corporates.

Smith & Nephew

Market Cap: UK£10.1b

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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$74.4b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Eurobank Ergasias Services and Holdings

Market Cap: €11.6b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Hua Nan Financial Holdings

Market Cap: NT$398.2b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

Insurance Australia Group

Market Cap: AU$20.6b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Gjensidige Forsikring

Market Cap: NOK 135.4b

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

Cochlear

Market Cap: AU$20.4b

Provides implantable hearing solutions for children and adults worldwide.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.