Latvian Consumer Services Defensive Blue Chips

ING Bank Slaski

Market Cap: zł58.3b

Provides various banking products and services for retail clients and businesses in Poland.

Tongfu MicroelectronicsLtd

Market Cap: CN¥105.1b

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

Hua Xia Bank

Market Cap: CN¥104.9b

Provides commercial banking services in China and Hong Kong.

Bank of Beijing

Market Cap: CN¥104.7b

Provides various banking services to individuals and corporates in China.

Nexchip Semiconductor

Market Cap: CN¥104.6b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

SCB X

Market Cap: ฿511.8b

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

HANMI Semiconductor

Market Cap: ₩21.7t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Varun Beverages

Market Cap: ₹1.5t

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.

GlobalWafers

Market Cap: NT$487.7b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Attijariwafa bank

Market Cap: د.م142.1b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Asahi Group Holdings

Market Cap: JP¥2.4t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

SK Telecom

Market Cap: ₩21.4t

Engages in the provision of wireless telecommunication services in South Korea.

Kerry Group

Market Cap: €13.0b

Provides taste and nutrition solutions.

First Financial Holding

Market Cap: NT$480.3b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

Grupo Financiero Inbursa. de

Market Cap: Mex$256.2b

Provides various financial products and services to individuals and businesses in Mexico.

Kirin Holdings Company

Market Cap: JP¥2.4t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Public Power

Market Cap: €12.9b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Kinsus Interconnect Technology

Market Cap: NT$476.9b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

Gjensidige Forsikring

Market Cap: NOK 141.0b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Cooper Companies

Market Cap: US$14.9b

Develops, manufactures, and markets contact lens wearers.

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$116.0b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

African Distillers

Market Cap: US$1.9b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Unum Group

Market Cap: US$14.8b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Coloplast

Market Cap: DKK 95.2b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.0b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

McCormick

Market Cap: US$14.7b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Grupo Bimbo. de

Market Cap: Mex$250.2b

Produces, distributes, and markets bakery products.

Origin Energy

Market Cap: AU$20.6b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Huaneng Power International

Market Cap: HK$115.1b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Amkor Technology

Market Cap: US$14.7b

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

Shenzhen Techwinsemi Technology

Market Cap: CN¥98.8b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$24.8b

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

Phoenix Financial

Market Cap: ₪43.3b

Operates as a financial services company in Israel.

Phison Electronics

Market Cap: NT$461.1b

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