South Korean Materials Defensive Blue Chips

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Fisher & Paykel Healthcare

Market Cap: NZ$26.4b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Kinsus Interconnect Technology

Market Cap: NT$479.0b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

BB Seguridade Participações

Market Cap: R$77.3b

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

Banco de Crédito e Inversiones

Market Cap: CL$14.3t

Provides various banking products and services in Chile, the United States, and Peru.

Unum Group

Market Cap: US$15.1b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

Elia Group

Market Cap: €13.1b

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

Asahi Group Holdings

Market Cap: JP¥2.4t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ54.8b

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

Hua Xia Bank

Market Cap: CN¥99.3b

Provides commercial banking services in China and Hong Kong.

Wens Foodstuff Group

Market Cap: CN¥99.1b

Engages in the agricultural and animal husbandry businesses in China and internationally.

Piraeus Bank

Market Cap: €12.9b

Provides various banking products and services in Greece, Europe, and internationally.

JD Health International

Market Cap: HK$115.2b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

GlobalWafers

Market Cap: NT$464.2b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Osaka Gas

Market Cap: JP¥2.3t

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

Israel Discount Bank

Market Cap: ₪44.2b

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

Great Eastern Holdings

Market Cap: S$18.7b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Attijariwafa bank

Market Cap: د.م140.0b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Suncorp Group

Market Cap: AU$20.6b

Provides insurance products and services to retail, corporate, and commercial customers in Australia and New Zealand.

Gjensidige Forsikring

Market Cap: NOK 137.8b

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

Pinnacle Financial Partners

Market Cap: US$14.6b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

CEMEX. de

Market Cap: Mex$250.5b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Huaneng Power International

Market Cap: HK$113.9b

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

Coloplast

Market Cap: DKK 94.7b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Performance Food Group

Market Cap: US$14.5b

Through its subsidiaries, markets and distributes food and food-related products in North America.

Kirin Holdings Company

Market Cap: JP¥2.3t

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

Grupo Financiero Inbursa. de

Market Cap: Mex$247.9b

Provides various financial products and services to individuals and businesses in Mexico.

Tongfu MicroelectronicsLtd

Market Cap: CN¥96.4b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Everest Group

Market Cap: US$14.4b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$112.6b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ52.6b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

Shanghai Biren Technology

Market Cap: HK$111.2b

Operates as a graphics processing unit (GPU) developer that researches and develops general computing systems.

MTN Nigeria Communications

Market Cap: ₦18.7t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Punjab National Bank

Market Cap: ₹1.3t

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