Luxembourg Tech Defensive Blue Chips

Banque Saudi Fransi

Market Cap: ر.س49.0b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$102.0b

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

Tower Semiconductor

Market Cap: US$13.0b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

bioMérieux

Market Cap: €11.2b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

BB Seguridade Participações

Market Cap: R$67.0b

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

Kerry Group

Market Cap: €11.2b

Provides taste and nutrition solutions.

Helvetia Baloise Holding

Market Cap: CHF 10.1b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Brookfield Wealth Solutions

Market Cap: US$12.9b

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

Saputo

Market Cap: CA$17.5b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

RenaissanceRe Holdings

Market Cap: US$12.9b

Provides reinsurance and insurance products in the United States and internationally.

CNA Financial

Market Cap: US$12.9b

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

Admiral Group

Market Cap: UK£9.6b

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

Industrial Bank of Korea

Market Cap: ₩18.8t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Suzhou Centec Communications

Market Cap: CN¥87.2b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

TIM

Market Cap: R$65.2b

Engages in the telecommunications sector in Brazil.

Indus Towers

Market Cap: ₹1.2t

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

Uni-President Enterprises

Market Cap: NT$398.9b

Produces and sells food products in Taiwan and internationally.

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

Fresenius Medical Care

Market Cap: €10.8b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.0b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

BJ's Wholesale Club Holdings

Market Cap: US$12.5b

Operates membership warehouse clubs on the eastern half of the United States.

Align Technology

Market Cap: US$12.5b

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

Severn Trent

Market Cap: UK£9.3b

Provides water and wastewater services in the United Kingdom.

Carrefour

Market Cap: €10.7b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Lattice Semiconductor

Market Cap: US$12.4b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Phison Electronics

Market Cap: NT$393.3b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Mashreqbank PSC

Market Cap: د.إ45.3b

Provides various banking and financial services to individuals and corporates.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Sanlam

Market Cap: R200.8b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

James Hardie Industries

Market Cap: AU$17.1b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Jinko Solar

Market Cap: CN¥83.8b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.

JCET Group

Market Cap: CN¥83.8b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Italgas

Market Cap: €10.5b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Centrica

Market Cap: UK£9.1b

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

Absa Group

Market Cap: R198.8b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.