Kuwaiti Semiconductors Defensive Blue Chips

Maplebear

Market Cap: US$10.5b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Bankinter

Market Cap: €9.2b

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

James Hardie Industries

Market Cap: AU$16.2b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines.

ICICI Prudential Life Insurance

Market Cap: ₹880.3b

Provides life insurance, pension, and health insurance products to individuals and groups in India.

Canara Bank

Market Cap: ₹878.5b

Provides various banking products and services in India and internationally.

T&D Holdings

Market Cap: JP¥1.5t

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

Centrica

Market Cap: UK£7.8b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Eurobank Ergasias Services and Holdings

Market Cap: €9.1b

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

Chongqing Rural Commercial Bank

Market Cap: HK$79.6b

Provides banking services in the People’s Republic of China.

Globe Life

Market Cap: US$10.3b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Novatek Microelectronics

Market Cap: NT$313.4b

Engages in research and development, manufacture, and sale of integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications in Taiwan, Asia, and internationally.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Tele2

Market Cap: SEK 98.6b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Far EasTone Telecommunications

Market Cap: NT$311.9b

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

China Mengniu Dairy

Market Cap: HK$78.9b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

IDBI Bank

Market Cap: ₹858.8b

Engages in the provision of banking and financial solutions to retail and corporate clients in India.

Aegon

Market Cap: €9.0b

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

Tingyi (Cayman Islands) Holding

Market Cap: HK$78.8b

An investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People’s Republic of China.

Kinsale Capital Group

Market Cap: US$10.1b

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

Baloise Holding

Market Cap: CHF 8.3b

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

NHPC

Market Cap: ₹853.7b

Engages in the generation, sale, and trading of electricity through hydro, wind, and solar power stations in India.

Bharti Hexacom

Market Cap: ₹851.0b

Provides mobile services, fixed-line telephone, and broadband services to end consumers and business customers under the Airtel brand in India.