Latvian Utilities Defensive Blue Chips

Sonova Holding

Market Cap: CHF 11.8b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Phoenix Financial

Market Cap: ₪43.3b

Operates as a financial services company in Israel.

Krung Thai Bank

Market Cap: ฿485.7b

Engages in commercial banking business in Thailand and internationally.

Rede D'Or São Luiz

Market Cap: R$74.9b

Engages in the provision of hospital services in Brazil.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ53.5b

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

Grupo Financiero Inbursa. de

Market Cap: Mex$250.9b

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

ageas

Market Cap: €12.6b

Engages in insurance business.

Bankinter

Market Cap: €12.5b

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

Attijariwafa bank

Market Cap: د.م134.0b

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

Unum Group

Market Cap: US$14.5b

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

WH Group

Market Cap: HK$113.3b

An investment holding company, produces and sells packaged meats, pork, and hogs in China, North America, and Europe.

Bank of Baroda

Market Cap: ₹1.4t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Woori Financial Group

Market Cap: ₩22.0t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

BB Seguridade Participações

Market Cap: R$73.4b

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

Semtech

Market Cap: US$14.4b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Eastroc Beverage (Group)

Market Cap: CN¥97.1b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Mapfre

Market Cap: €12.4b

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

Banco de Crédito e Inversiones

Market Cap: CL$12.9t

Provides various banking products and services in Chile, the United States, and Peru.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ52.5b

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

Dangote Cement

Market Cap: ₦19.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Tenet Healthcare

Market Cap: US$14.2b

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

Metro

Market Cap: CA$19.7b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Kasikornbank

Market Cap: ฿464.3b

Provides commercial banking products and services in Thailand and internationally.

Admiral Group

Market Cap: UK£10.5b

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

Asahi Group Holdings

Market Cap: JP¥2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

SCB X

Market Cap: ฿463.0b

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

BAWAG Group

Market Cap: €12.1b

Operates as a holding company for BAWAG P.S.K.

Kerry Group

Market Cap: €12.1b

Provides taste and nutrition solutions.

Pinnacle Financial Partners

Market Cap: US$14.0b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

First Financial Holding

Market Cap: NT$440.7b

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

T&D Holdings

Market Cap: JP¥2.2t

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

SK Telecom

Market Cap: ₩21.3t

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

Anhui Conch Cement

Market Cap: CN¥94.0b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق50.3b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Kirin Holdings Company

Market Cap: JP¥2.2t

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

Tryg

Market Cap: DKK 88.4b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.