Japanese Pharmaceuticals & Biotech Defensive Blue Chips

Kasikornbank

Market Cap: ฿396.9b

Provides commercial banking products and services in Thailand and internationally.

Etihad Etisalat

Market Cap: ر.س46.7b

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

Rockchip Electronics

Market Cap: CN¥88.3b

Operates as a fabless IC design company in China.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Zegona Communications

Market Cap: UK£9.1b

Provides integrated telecommunications services in Spain.

Almarai

Market Cap: ر.س46.1b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

Tele2

Market Cap: SEK 114.9b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Banco Santander-Chile

Market Cap: CL$11.7t

Provides commercial and retail banking products and services in Chile.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Waaree Energies

Market Cap: ₹1.1t

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Elia Group

Market Cap: €10.4b

Develops and operates as a transmission system operator in Belgium and Germany.

Israel Discount Bank

Market Cap: ₪40.2b

Provides various banking and financial services in Israel, Europe, and North America.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Aegon

Market Cap: €10.3b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Maplebear

Market Cap: US$12.0b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م107.7b

Provides various telecommunication solutions in Morocco and internationally.

Universal Health Services

Market Cap: US$11.9b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Shanghai Rural Commercial Bank

Market Cap: CN¥84.3b

Provides a range of banking products and services to individual and corporate customers in China.

China Resources Beer (Holdings)

Market Cap: HK$91.9b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.0b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ43.2b

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

Arab National Bank

Market Cap: ر.س43.9b

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.

InnoScience (Suzhou) Technology Holding

Market Cap: HK$90.9b

InnoScience (Suzhou) Technology Holding Co., Ltd.

Banca Monte dei Paschi di Siena

Market Cap: €10.0b

Provides retail and commercial banking services in Italy.

BB Seguridade Participações

Market Cap: R$63.0b

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

Anhui Gujing Distillery

Market Cap: CN¥82.9b

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

Osaka Gas

Market Cap: JP¥1.7t

Provides gas, electricity, and other energy products and services in Japan and internationally.

China Zheshang Bank

Market Cap: HK$90.3b

Provides various commercial banking products and services in Mainland China.

First Horizon

Market Cap: US$11.6b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

HKT Trust and HKT

Market Cap: HK$90.2b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Jentech Precision Industrial

Market Cap: NT$350.9b

Manufactures and sells precision molds worldwide.

American Financial Group

Market Cap: US$11.5b

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

Union Bank of India

Market Cap: ₹1.0t

Provides banking products and services in India.

Krung Thai Bank

Market Cap: ฿366.9b

Engages in commercial banking business in Thailand and internationally.

Canara Bank

Market Cap: ₹1.0t

Provides various banking products and services in India and internationally.