Luxembourg Tech Defensive Blue Chips

Phoenix Group Holdings

Market Cap: UK£7.5b

Operates in the long-term savings and retirement business in Europe.

Caixa Seguridade Participações

Market Cap: R$53.6b

Provides various life and non-life insurance products in Brazil.

SD Guthrie Berhad

Market Cap: RM 40.1b

Operates as an integrated plantations company in Malaysia and internationally.

Molson Coors Beverage

Market Cap: US$10.1b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

J Sainsbury

Market Cap: UK£7.4b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Akbank T.A.S

Market Cap: ₺438.9b

Provides various banking products and services in Turkey and internationally.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م92.3b

Provides various telecommunication solutions in Morocco and internationally.

Chiba Bank

Market Cap: JP¥1.6t

Provides banking products and services in Japan and internationally.

Bank Negara Indonesia (Persero)

Market Cap: Rp170.3t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

UMB Financial

Market Cap: US$10.0b

Operates as the bank holding company that provides banking services and asset servicing in the United States and internationally.

Taiwan Mobile

Market Cap: NT$317.6b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Enel Américas

Market Cap: CL$8.6t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.