Moroccan Food, Beverage & Tobacco Defensive Blue Chips

Renesas Electronics

Market Cap: JP¥3.1t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Credicorp

Market Cap: US$20.6b

Provides various financial, insurance, and health services and products in Peru and internationally.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

Banco BPM

Market Cap: €17.5b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Tyson Foods

Market Cap: US$20.1b

Operates as a food company worldwide.

ON Semiconductor

Market Cap: US$20.0b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Quest Diagnostics

Market Cap: US$20.0b

Provides diagnostic testing and services in the United States and internationally.

Loews

Market Cap: US$20.0b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Snam

Market Cap: €17.1b

Engages in the operation of natural gas transport and storage infrastructure.

Mega Financial Holding

Market Cap: NT$609.7b

Provides various financial services in Taiwan.

BPER Banca

Market Cap: €17.0b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Pro Medicus

Market Cap: AU$30.4b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Banco de Sabadell

Market Cap: €17.0b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Telefônica Brasil

Market Cap: R$108.0b

Operates as a mobile telecommunications company in Brazil.

Sumitomo Mitsui Trust Group

Market Cap: JP¥2.9t

Operates as a trust bank in Japan and internationally.

Terna

Market Cap: €16.8b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Public Bank Berhad

Market Cap: RM 82.3b

Provides banking products and services.

Varun Beverages

Market Cap: ₹1.7t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Heineken Holding

Market Cap: €16.6b

Engages in brewing and selling beer and cider in the Netherlands and internationally.

Asahi Group Holdings

Market Cap: JP¥2.9t

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

Teradyne

Market Cap: US$19.2b

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

Samsung Life Insurance

Market Cap: ₩26.8t

Engages in the life insurance business in South Korea and internationally.

Bank of Nanjing

Market Cap: CN¥136.9b

Provides various financial products and services in China.

HDFC Life Insurance

Market Cap: ₹1.7t

Provides individual and group insurance solutions in India.

Bank of Shanghai

Market Cap: CN¥135.6b

Provides various banking products and services in China.

Brookfield Wealth Solutions

Market Cap: US$18.9b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp308.1t

Provides information and communications technology, and telecommunications network services worldwide.

Mediobanca Banca di Credito Finanziario

Market Cap: €16.0b

Provides various banking products and services in Italy and internationally.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ68.3b

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

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥132.3b

Advanced Micro-Fabrication Equipment Inc.

Casey's General Stores

Market Cap: US$18.5b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

McCormick

Market Cap: US$18.5b

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

Straumann Holding

Market Cap: CHF 14.8b

Provides tooth replacement and orthodontic solutions worldwide.

GlobalFoundries

Market Cap: US$18.4b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

CIMB Group Holdings Berhad

Market Cap: RM 77.8b

Provides various banking products and services in Malaysia and internationally.

Coca-Cola HBC

Market Cap: UK£13.6b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.