Luxembourg Automobiles Defensive Blue Chips

Telia Company

Market Cap: SEK 141.4b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Everest Group

Market Cap: US$14.8b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Mapfre

Market Cap: €12.7b

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

Ryan Specialty Holdings

Market Cap: US$14.7b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Huaneng Power International

Market Cap: HK$114.1b

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

National Bank of Greece

Market Cap: €12.6b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Hua Xia Bank

Market Cap: CN¥104.4b

Provides commercial banking services in China and Hong Kong.

Guangdong Haid Group

Market Cap: CN¥104.2b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Suncorp Group

Market Cap: AU$22.4b

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

East West Bancorp

Market Cap: US$14.5b

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.

Kerry Group

Market Cap: €12.4b

Provides taste and nutrition solutions.

Uni-President Enterprises

Market Cap: NT$440.9b

Engages in the manufacture and marketing of food products in Taiwan and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥101.9b

Offers liquors and wines.

Gjensidige Forsikring

Market Cap: NOK 144.6b

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

Metro

Market Cap: CA$20.0b

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

Grupo Bimbo. de

Market Cap: Mex$264.0b

Produces, distributes, and markets bakery products.

Budweiser Brewing Company APAC

Market Cap: HK$110.8b

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

Wilmar International

Market Cap: S$18.4b

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

Tata Power

Market Cap: ₹1.2t

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

JBS

Market Cap: US$14.0b

Operates as a protein and food company worldwide.

Grupo Cibest

Market Cap: Col$54.8t

Provides banking products and services in Colombia and internationally.

Bankinter

Market Cap: €12.0b

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

ASR Nederland

Market Cap: €12.0b

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

Cooper Companies

Market Cap: US$13.9b

Develops, manufactures, and markets contact lens wearers.

Brookfield Wealth Solutions

Market Cap: US$13.7b

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥97.8b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Admiral Group

Market Cap: UK£10.3b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Origin Energy

Market Cap: AU$21.1b

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.

Santander Bank Polska

Market Cap: zł50.1b

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

Doximity

Market Cap: US$13.6b

Operates as a digital platform for medical professionals in the United States.

First Financial Holding

Market Cap: NT$416.3b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Olympus

Market Cap: JP¥2.1t

Manufactures and sells precision machineries and instruments worldwide.

Etihad Etisalat

Market Cap: ر.س50.6b

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

Arab National Bank

Market Cap: ر.س50.6b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Power Assets Holdings

Market Cap: HK$104.8b

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

NMBZ Holdings

Market Cap: US$1.7b

Provides various banking products and services to corporate and individual customers in Zimbabwe.