Luxembourg Tech Defensive Blue Chips

Alcon

Market Cap: CHF 30.4b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Martin Marietta Materials

Market Cap: US$39.3b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

ACWA Power

Market Cap: ر.س147.3b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

AST SpaceMobile

Market Cap: US$38.8b

Designs and develops the constellation of BlueBird satellites in the United States.

Endesa

Market Cap: €32.4b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Hershey

Market Cap: US$38.5b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Telstra Group

Market Cap: AU$54.1b

Provides telecommunications and information services in Australia and internationally.

Consolidated Edison

Market Cap: US$37.8b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.7t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Fairfax Financial Holdings

Market Cap: CA$50.8b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Grupo Nutresa S. A

Market Cap: Col$136.7t

Operates in the food industry in Colombia, Latin America, and internationally.

ResMed

Market Cap: US$37.2b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Hang Seng Bank

Market Cap: HK$289.0b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Veeva Systems

Market Cap: US$36.9b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Tesco

Market Cap: UK£26.7b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

GE HealthCare Technologies

Market Cap: US$36.6b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Hartford Insurance Group

Market Cap: US$36.4b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Malayan Banking Berhad

Market Cap: RM 142.6b

Provides commercial banking and related financial products and services.

Teradyne

Market Cap: US$36.3b

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

Sysco

Market Cap: US$36.2b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Huadian New Energy Group

Market Cap: CN¥251.1b

Engages in the power generation business in China.

Bank Leumi le-Israel B.M

Market Cap: ₪110.8b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Cathay Financial Holding

Market Cap: NT$1.1t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

QNB Bank

Market Cap: ₺1.5t

Provides various banking products and services in Turkey.

Sun Life Financial

Market Cap: CA$48.0b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Fomento Económico Mexicano. de

Market Cap: Mex$599.4b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Muyuan Foods

Market Cap: CN¥242.3b

Operates in the hog industry in China.

Koninklijke Ahold Delhaize

Market Cap: €28.8b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Vodafone Group

Market Cap: UK£24.9b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Hannover Rück

Market Cap: €28.6b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

KB Financial Group

Market Cap: ₩48.7t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

OTP Bank Nyrt

Market Cap: Ft10.8t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Arch Capital Group

Market Cap: US$33.8b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Intact Financial

Market Cap: CA$45.9b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Advanced Info Service

Market Cap: ฿1.0t

Operates as a telecommunications and technology company primarily in Thailand.

Seven & i Holdings

Market Cap: JP¥5.1t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.