Kuwaiti Materials Defensive Blue Chips

bioMérieux

Market Cap: €13.1b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Tryg

Market Cap: DKK 97.3b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Kerry Group

Market Cap: €13.0b

Provides taste and nutrition solutions.

Jiangsu Yanghe Distillery

Market Cap: CN¥106.7b

Offers liquors and wines.

Wilmar International

Market Cap: S$19.5b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Fidelity National Financial

Market Cap: US$14.9b

Provides various insurance products in the United States.

Grupo Cibest

Market Cap: Col$57.3t

Provides various banking products and services in Colombia and internationally.

Tata Power

Market Cap: ₹1.3t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Uni-President Enterprises

Market Cap: NT$452.3b

Produces and sells food products in Taiwan and internationally.

CEMEX. de

Market Cap: Mex$272.7b

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

Grupo Financiero Inbursa. de

Market Cap: Mex$271.2b

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

Uniper

Market Cap: €12.5b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

JBS

Market Cap: US$14.4b

Operates as a protein and food company worldwide.

Universal Health Services

Market Cap: US$14.3b

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

Mapfre

Market Cap: €12.4b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Brookfield Wealth Solutions

Market Cap: US$14.2b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Origin Energy

Market Cap: AU$21.6b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Metro

Market Cap: CA$19.8b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

FinecoBank Banca Fineco

Market Cap: €12.2b

Provides banking, credit, trading and investment services in Italy.

Eurobank Ergasias Services and Holdings

Market Cap: €12.1b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Santander Bank Polska

Market Cap: zł51.4b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Powszechny Zaklad Ubezpieczen

Market Cap: zł51.4b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

ASR Nederland

Market Cap: €12.1b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Bank Polska Kasa Opieki

Market Cap: zł50.9b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Suncorp Group

Market Cap: AU$21.1b

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

Cooper Companies

Market Cap: US$13.8b

Develops, manufactures, and markets contact lens wearers.

Etihad Etisalat

Market Cap: ر.س51.7b

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

East West Bancorp

Market Cap: US$13.8b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Olympus

Market Cap: JP¥2.1t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Gjensidige Forsikring

Market Cap: NOK 137.5b

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

Power Assets Holdings

Market Cap: HK$106.1b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥97.0b

Operates as a power generation company in China.

Budweiser Brewing Company APAC

Market Cap: HK$105.7b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Kasikornbank

Market Cap: ฿439.5b

Provides commercial banking products and services in Thailand and internationally.

SCB X

Market Cap: ฿439.4b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.