Luxembourg Media Defensive Blue Chips

Hua Nan Financial Holdings

Market Cap: NT$574.1b

Provides financial services in Taiwan and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩26.1t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Performance Food Group

Market Cap: US$17.3b

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

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫455.4t

Provides banking products and services in Vietnam.

BIWIN Storage Technology

Market Cap: CN¥117.1b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Zimmer Biomet Holdings

Market Cap: US$17.2b

Operates as a medical technology company worldwide.

Elia Group

Market Cap: €15.0b

Develops and operates as a transmission system operator in Belgium and Germany.

Mora Telematika Indonesia

Market Cap: Rp305.8t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Krung Thai Bank

Market Cap: ฿573.0b

Engages in commercial banking business in Thailand and internationally.

Tenet Healthcare

Market Cap: US$16.9b

Operates as a diversified healthcare services company in the United States.

Tongfu MicroelectronicsLtd

Market Cap: CN¥113.7b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Bank of Hangzhou

Market Cap: CN¥113.4b

Provides various banking products and services in China.

Dairibord Holdings

Market Cap: US$2.1b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

Amkor Technology

Market Cap: US$16.5b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

FinecoBank Banca Fineco

Market Cap: €14.3b

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

Hua Xia Bank

Market Cap: CN¥110.6b

Provides commercial banking services in China and Hong Kong.

Bank Polska Kasa Opieki

Market Cap: zł62.0b

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

Airtel Africa

Market Cap: UK£12.2b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Enpara Bank

Market Cap: ₺769.7b

Provides banking services and products in Turkey.

ASR Nederland

Market Cap: €14.2b

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

Kasikornbank

Market Cap: ฿545.4b

Provides commercial banking products and services in Thailand and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: zł61.2b

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

Kansai Electric Power Company

Market Cap: JP¥2.6t

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

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Bankinter

Market Cap: €14.1b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Power Assets Holdings

Market Cap: HK$125.2b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

KGI Financial Holding

Market Cap: NT$516.9b

Operates as a financial company in Taiwan and internationally.

Banco Santander-Chile

Market Cap: CL$14.9t

Provides commercial and retail banking products and services in Chile.

BB Seguridade Participações

Market Cap: R$80.7b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Bank of Beijing

Market Cap: CN¥107.4b

Provides various banking services to individuals and corporates in China.

Jentech Precision Industrial

Market Cap: NT$513.6b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Mapfre

Market Cap: €13.8b

Engages in insurance, reinsurance, and financial activities in Spain.

mBank

Market Cap: zł59.5b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

National Bank of Greece

Market Cap: €13.7b

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

Reinsurance Group of America

Market Cap: US$15.7b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.