Jordanian Commercial Services Defensive Blue Chips

Rockchip Electronics

Market Cap: CN¥81.8b

Operates as a fabless IC design company in China.

Acciona

Market Cap: €9.7b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Banco Santander-Chile

Market Cap: CL$10.9t

Provides commercial and retail banking products and services in Chile.

BB Seguridade Participações

Market Cap: R$61.7b

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

Orkla

Market Cap: NOK 114.2b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Alibaba Health Information Technology

Market Cap: HK$88.8b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Chandra Daya Investasi

Market Cap: Rp185.4t

Operates as an infrastructure investment holding company.

BKW

Market Cap: CHF 9.0b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

American Financial Group

Market Cap: US$11.2b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Banque Saudi Fransi

Market Cap: ر.س41.9b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Huadong Medicine

Market Cap: CN¥79.8b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Tsingtao Brewery

Market Cap: HK$86.8b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Anhui Gujing Distillery

Market Cap: CN¥79.2b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Industrial Bank of Korea

Market Cap: ₩15.3t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Enel Américas

Market Cap: CL$10.6t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

BE Semiconductor Industries

Market Cap: €9.4b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Adani Energy Solutions

Market Cap: ₹961.2b

Generates, transmits, and distributes power in India.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥78.8b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Pilgrim's Pride

Market Cap: US$11.0b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Albertsons Companies

Market Cap: US$10.9b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Manila Electric

Market Cap: ₱616.5b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Assurant

Market Cap: US$10.9b

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

ICICI Lombard General Insurance

Market Cap: ₹950.1b

Provides various general insurance products and services in India.

Marico

Market Cap: ₹948.4b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Sanlam

Market Cap: R189.4b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Align Technology

Market Cap: US$10.8b

Designs, manufactures, and markets Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Vietnam Prosperity Commercial Bank

Market Cap: ₫285.2t

Provides various banking products and services to organizations and individuals in Vietnam.

United Spirits

Market Cap: ₹944.3b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Carrefour

Market Cap: €9.2b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Bajaj Housing Finance

Market Cap: ₹941.0b

Provides housing finance services in India.

Airtel Africa

Market Cap: UK£8.0b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

mBank

Market Cap: zł39.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Taiwan Mobile

Market Cap: NT$326.6b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Bank of the Philippine Islands

Market Cap: ₱603.9b

Provides various financial products and services to retail and corporate clients in the Philippines.

Chubu Electric Power Company

Market Cap: JP¥1.6t

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

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.