Kuwaiti Retail Defensive Blue Chips

Penumbra

Market Cap: US$11.4b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Orkla

Market Cap: NOK 116.5b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Cochlear

Market Cap: AU$17.5b

Provides implantable hearing solutions for children and adults worldwide.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.2b

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

Samsung Fire & Marine Insurance

Market Cap: ₩15.8t

Engages in the provision of non-life insurance products and services in Korea, China, the United States, Indonesia, Vietnam, Singapore, and the United Kingdom.

Conagra Brands

Market Cap: US$11.2b

Operates as a consumer packaged goods food company primarily in the United States.

Shanghai Rural Commercial Bank

Market Cap: CN¥80.9b

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

Anhui Gujing Distillery

Market Cap: CN¥80.6b

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

Doximity

Market Cap: US$11.1b

Operates a cloud-based digital platform for medical professionals in the United States.

Severn Trent

Market Cap: UK£8.3b

Provides water and waste water services in the United Kingdom.

GD Power DevelopmentLtd

Market Cap: CN¥80.3b

Operates as a power generation company in China.

Pilgrim's Pride

Market Cap: US$11.1b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Turkiye Garanti Bankasi

Market Cap: ₺426.7b

Provides various banking products and services in Turkey.

Smoore International Holdings

Market Cap: HK$85.7b

An investment holding company, engages in the provision of vaping technology solutions.

HKT Trust and HKT

Market Cap: HK$85.6b

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.

Bank Albilad

Market Cap: ر.س41.4b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Marico

Market Cap: ₹932.9b

Manufactures and sells consumer products in India.

Redeia Corporación

Market Cap: €9.7b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

Samsung Life Insurance

Market Cap: ₩15.3t

Engages in the life insurance business in South Korea and internationally.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م100.0b

Provides various telecommunication solutions in Morocco and internationally.

DaVita

Market Cap: US$10.9b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

China Zheshang Bank

Market Cap: HK$84.3b

Provides various commercial banking products and services in Mainland China.

Bankinter

Market Cap: €9.5b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Banca Monte dei Paschi di Siena

Market Cap: €9.5b

Engages in the provision of retail and commercial banking services in Italy.

American Financial Group

Market Cap: US$10.8b

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

Suntory Beverage & Food

Market Cap: JP¥1.5t

Engages in manufacture and sale of alcoholic and non-alcoholic beverages, and foods in Japan, Asia-Pacific, Europe, and the Americas.

Union Bank of India

Market Cap: ₹902.4b

Provides various banking products and services.

Aegon

Market Cap: €9.4b

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

Kinsale Capital Group

Market Cap: US$10.6b

Engages in the provision of property and casualty insurance products in the United States.

Campbell's

Market Cap: US$10.6b

Manufactures and markets food and beverage products in the United States and internationally.

Bancolombia

Market Cap: Col$45.6t

Provides banking products and services in Colombia and internationally.

Baloise Holding

Market Cap: CHF 8.7b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, Luxembourg.

Alibaba Health Information Technology

Market Cap: HK$81.9b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

BKW

Market Cap: CHF 8.7b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 8.7b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Far EasTone Telecommunications

Market Cap: NT$319.1b

Engages in the provision of telecommunications and digital application services in Taiwan.