Moroccan Consumer Durables Defensive Blue Chips

Mowi

Market Cap: NOK 107.4b

A seafood company, produces and sells Atlantic salmon products worldwide.

Hong Leong Bank Berhad

Market Cap: RM 46.1b

Operates as a financial services company in Malaysia and internationally.

Popular

Market Cap: US$11.2b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Maplebear

Market Cap: US$11.2b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Sanlam

Market Cap: R180.8b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Far EasTone Telecommunications

Market Cap: NT$357.0b

Provides mobile telecommunications services in Taiwan and internationally.

Busy Ming Group

Market Cap: HK$87.1b

Through its subsidiaries, operates as a food and beverage retailer in China.

China Zheshang Bank

Market Cap: HK$87.0b

Provides corporate and retail banking services in Mainland China.

SD Guthrie Berhad

Market Cap: RM 45.2b

Operates as an integrated plantations company in Malaysia and internationally.

Glaukos

Market Cap: US$11.0b

An ophthalmic pharmaceutical and medical technology company, develops therapies for the treatment of glaucoma, corneal disorders, and retinal diseases in the United States and internationally.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Wintrust Financial

Market Cap: US$11.0b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Ryan Specialty Holdings

Market Cap: US$11.0b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Rambus

Market Cap: US$11.0b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Guangdong Haid Group

Market Cap: CN¥73.8b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

BDO Unibank

Market Cap: ₱672.3b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Marks and Spencer Group

Market Cap: UK£8.1b

Operates various retail stores.

Bangkok Bank

Market Cap: ฿361.7b

Provides various commercial banking products and services in Thailand and internationally.

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥73.3b

Engages in the clean energy business in China.

Budweiser Brewing Company APAC

Market Cap: HK$84.9b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Globalstar

Market Cap: US$10.8b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Discovery

Market Cap: R174.1b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Molina Healthcare

Market Cap: US$10.7b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Alchip Technologies

Market Cap: NT$343.3b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

SouthState Bank

Market Cap: US$10.7b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Unicaja Banco

Market Cap: €9.2b

Engages in the retail banking business in Spain.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Chongqing Rural Commercial Bank

Market Cap: HK$83.2b

Provides banking and related financial services in the People’s Republic of China.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫278.5t

Provides various banking products and services in Vietnam and internationally.

Quebecor

Market Cap: CA$14.7b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Orkla

Market Cap: NOK 100.1b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Ensign Group

Market Cap: US$10.5b

Provides skilled nursing, senior living, and rehabilitative services.

Skyworks Solutions

Market Cap: US$10.5b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Caixa Seguridade Participações

Market Cap: R$54.3b

Provides insurance products in Brazil and internationally.