Japanese Pharmaceuticals & Biotech Defensive Blue Chips

Marsh & McLennan Companies

Market Cap: US$100.2b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Al Rajhi Banking and Investment

Market Cap: ر.س371.8b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

HCA Healthcare

Market Cap: US$98.5b

Through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States.

AIA Group

Market Cap: HK$765.5b

Provides life insurance based financial services in Hong Kong.

China Yangtze Power

Market Cap: CN¥688.8b

Engages in hydropower generation business in China, Brazil, Germany, Malaysia, Pakistan, Peru, Portugal, and Sudan.

AXA

Market Cap: €82.4b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Econet Wireless Zimbabwe

Market Cap: US$12.2b

Through its subsidiaries, primarily provides mobile telecommunications and related value added services in Zimbabwe.

Constellation Energy

Market Cap: US$94.2b

Produces and sells energy products and services in the United States.

CVS Health

Market Cap: US$93.6b

Provides health solutions in the United States.

Enel

Market Cap: €79.6b

Operates as an integrated operator in electricity and gas industries worldwide.

Bank of Montreal

Market Cap: CA$125.2b

Provides diversified financial services primarily in North America.

China Telecom

Market Cap: HK$696.1b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

NTT

Market Cap: JP¥13.1t

Operates as a telecommunications company in Japan and internationally.

National Australia Bank

Market Cap: AU$130.9b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

McKesson

Market Cap: US$85.5b

Provides healthcare services in the United States and internationally.

Westpac Banking

Market Cap: AU$129.7b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

State Bank of India

Market Cap: ₹7.5t

Provides banking products and services in India and internationally.

Tokio Marine Holdings

Market Cap: JP¥12.4t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Bank of Communications

Market Cap: HK$653.5b

Provides commercial banking products and services in China and internationally.

Mizuho Financial Group

Market Cap: JP¥12.2t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Cigna Group

Market Cap: US$81.5b

Provides insurance and related products and services in the United States.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €68.8b

Engages in the insurance and reinsurance businesses worldwide.

PNC Financial Services Group

Market Cap: US$80.5b

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

Aon

Market Cap: US$79.9b

A professional services firm, provides a range of risk and human capital solutions worldwide.

Bank of Nova Scotia

Market Cap: CA$109.1b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Semiconductor Manufacturing International

Market Cap: HK$598.1b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Arthur J. Gallagher

Market Cap: US$76.7b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

U.S. Bancorp

Market Cap: US$75.9b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

CRH

Market Cap: US$75.4b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

MediaTek

Market Cap: NT$2.3t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

Nongfu Spring

Market Cap: HK$571.9b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

SoftBank

Market Cap: JP¥10.8t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

Canadian Imperial Bank of Commerce

Market Cap: CA$100.8b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Federal National Mortgage Association

Market Cap: US$72.3b

Provides financing solutions for residential mortgages in the United States.

Nu Holdings

Market Cap: US$71.2b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Cambricon Technologies

Market Cap: CN¥507.4b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.