Moroccan Capital Goods Defensive Blue Chips

Fomento Económico Mexicano. de

Market Cap: Mex$571.9b

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

Willis Towers Watson

Market Cap: US$30.9b

Operates as an advisory, broking, and solutions company worldwide.

Foshan Haitian Flavouring and Food

Market Cap: CN¥219.3b

Foshan Haitian Flavouring and Food Company Ltd.

Swiss Life Holding

Market Cap: CHF 24.7b

Provides life, pensions, and financial solutions for private and corporate clients.

KB Financial Group

Market Cap: ₩44.7t

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.

Bank Leumi le-Israel B.M

Market Cap: ₪99.6b

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

Sampo Oyj

Market Cap: €26.4b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Naturgy Energy Group

Market Cap: €26.2b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Power Corporation of Canada

Market Cap: CA$42.5b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Humana

Market Cap: US$30.2b

Provides medical and specialty insurance products in the United States.

Cathay Financial Holding

Market Cap: NT$931.5b

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

ASM International

Market Cap: €25.7b

Engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

First Solar

Market Cap: US$29.2b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك8.9b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Advanced Info Service

Market Cap: ฿936.9b

Operates as a telecommunications and technology company primarily in Thailand.

Teradyne

Market Cap: US$29.0b

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

Kellanova

Market Cap: US$29.0b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Malayan Banking Berhad

Market Cap: RM 119.7b

Provides commercial banking and related financial products and services.

Power Grid Corporation of India

Market Cap: ₹2.5t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Bank of Jiangsu

Market Cap: CN¥203.0b

Provides various banking products and services in China.

W. R. Berkley

Market Cap: US$28.3b

An insurance holding company, operates as a commercial line writer worldwide.

M&T Bank

Market Cap: US$28.2b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Atmos Energy

Market Cap: US$28.2b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Credo Technology Group Holding

Market Cap: US$28.2b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Fifth Third Bancorp

Market Cap: US$28.1b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

Kraft Heinz

Market Cap: US$28.1b

Manufactures and markets food and beverage products in North America and internationally.

China Everbright Bank

Market Cap: CN¥199.2b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Vodafone Group

Market Cap: UK£21.1b

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

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ101.9b

Provides banking products and services in the United Arab Emirates and internationally.

Sompo Holdings

Market Cap: JP¥4.2t

Provides property and casualty insurance services in Japan and internationally.

Astera Labs

Market Cap: US$27.5b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Nestlé India

Market Cap: ₹2.4t

Engages in the manufacture and sale of food products in India and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €23.6b

Provides retail and commercial banking services in Italy.

Archer-Daniels-Midland

Market Cap: US$27.3b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

CGN Power

Market Cap: HK$211.9b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.