South Korean Consumer Retailing Defensive Blue Chips

AIA Group

Market Cap: HK$788.6b

Provides life insurance based financial services in Hong Kong.

Zurich Insurance Group

Market Cap: CHF 80.9b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

HCA Healthcare

Market Cap: US$100.5b

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

Marsh & McLennan Companies

Market Cap: US$98.9b

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

CVS Health

Market Cap: US$98.3b

Provides health solutions in the United States.

AXA

Market Cap: €84.2b

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

Enel

Market Cap: €83.3b

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

Postal Savings Bank of China

Market Cap: HK$736.8b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

China Yangtze Power

Market Cap: CN¥666.8b

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

Tokyo Electron

Market Cap: JP¥14.0t

Develops, manufactures, and sells semiconductor production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally.

Econet Wireless Zimbabwe

Market Cap: US$12.0b

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

Bank of Montreal

Market Cap: CA$128.9b

Engages in the provision of diversified financial services primarily in North America.

McKesson

Market Cap: US$91.8b

Provides healthcare services in the United States and internationally.

State Bank of India

Market Cap: ₹8.1t

Provides banking products and services in India and internationally.

National Australia Bank

Market Cap: AU$136.5b

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

Westpac Banking

Market Cap: AU$134.5b

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

Advantest

Market Cap: JP¥13.0t

Manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, the Americas, Europe, and Asia.

NTT

Market Cap: JP¥12.9t

Operates as a telecommunications company in Japan and internationally.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €71.3b

Engages in the insurance and reinsurance businesses worldwide.

Cigna Group

Market Cap: US$83.0b

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

Hygon Information Technology

Market Cap: CN¥586.1b

Engages in the research and development of computing chip products and systems in China.

China Telecom

Market Cap: HK$638.7b

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.

Bank of Nova Scotia

Market Cap: CA$113.0b

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

CRH

Market Cap: US$80.4b

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

Barito Renewables Energy

Market Cap: Rp1334.5t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

Arthur J. Gallagher

Market Cap: US$79.6b

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

Bank of Communications

Market Cap: HK$618.0b

Provides commercial banking products and services in China and internationally.

Mizuho Financial Group

Market Cap: JP¥11.9t

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

Tokio Marine Holdings

Market Cap: JP¥11.9t

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

Elevance Health

Market Cap: US$78.9b

Operates as a health benefits company in the United States.

Aon

Market Cap: US$78.4b

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

PNC Financial Services Group

Market Cap: US$78.2b

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

Cambricon Technologies

Market Cap: CN¥554.3b

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

Nongfu Spring

Market Cap: HK$598.9b

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

Canadian Imperial Bank of Commerce

Market Cap: CA$105.6b

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.

U.S. Bancorp

Market Cap: US$74.8b

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