Luxembourg Diversified Financials Defensive Blue Chips

ASR Nederland

Market Cap: €11.8b

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

Bank of the Philippine Islands

Market Cap: ₱743.4b

Provides various financial products and services to retail and corporate clients in the Philippines.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Unipol Assicurazioni

Market Cap: €11.8b

Provides insurance products and services primarily in Italy.

Align Technology

Market Cap: US$13.2b

Designs, manufactures, and markets Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Bank Polska Kasa Opieki

Market Cap: zł49.6b

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

United Spirits

Market Cap: ₹1.1t

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Admiral Group

Market Cap: UK£9.9b

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

Reinsurance Group of America

Market Cap: US$13.1b

Provides reinsurance and financial solutions.

CNA Financial

Market Cap: US$13.1b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Hana Financial Group

Market Cap: ₩18.0t

Through its subsidiaries, provides financial services in South Korea.

Mashreqbank PSC

Market Cap: د.إ47.9b

Provides various banking and financial services to individuals and corporates.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Bank of Hangzhou

Market Cap: CN¥93.4b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

True Corporation

Market Cap: ฿425.0b

Provides telecommunications and value-added services in Thailand.

Performance Food Group

Market Cap: US$12.9b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Kansai Electric Power Company

Market Cap: JP¥1.8t

Engages in electricity, gas and heat supply, and telecommunication businesses in Japan.

Grupo Bimbo. de

Market Cap: Mex$251.8b

Produces, distributes, and sells various bakery products.

Insurance Australia Group

Market Cap: AU$19.7b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Guangdong Haid Group

Market Cap: CN¥91.9b

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

FinecoBank Banca Fineco

Market Cap: €11.2b

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

Albertsons Companies

Market Cap: US$12.6b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Smith & Nephew

Market Cap: UK£9.5b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Etihad Etisalat

Market Cap: ر.س46.9b

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

Rede D'Or São Luiz

Market Cap: R$70.9b

Operates a network of hospitals in Brazil.

Fisher & Paykel Healthcare

Market Cap: NZ$20.9b

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

Hua Nan Financial Holdings

Market Cap: NT$373.4b

Provides financial services in Taiwan and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$372.2b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

East West Bancorp

Market Cap: US$12.3b

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.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

Tokyo GasLtd

Market Cap: JP¥1.8t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

Teradyne

Market Cap: US$12.2b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

SCB X

Market Cap: ฿399.0b

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

ageas

Market Cap: €10.7b

Engages in insurance business.

Bajaj Housing Finance

Market Cap: ₹1.0t

Provides housing finance services in India.