Moroccan Food, Beverage & Tobacco Defensive Blue Chips

First Financial Holding

Market Cap: NT$409.8b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

TS Financial Holding

Market Cap: NT$407.8b

Provides various financial products and services in Taiwan and internationally.

Grupo Bimbo. de

Market Cap: Mex$247.6b

Produces, distributes, and sells various bakery products.

Helvetia Holding

Market Cap: CHF 10.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Grupo Cibest

Market Cap: Col$53.1t

Provides banking products and services in Colombia and internationally.

T&D Holdings

Market Cap: JP¥2.0t

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

JBS

Market Cap: US$13.2b

Operates as a protein and food company worldwide.

Samsung Fire & Marine Insurance

Market Cap: ₩18.3t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Ørsted

Market Cap: DKK 84.0b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥93.8b

Beijing E-Town Semiconductor Technology Co., Ltd.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Bank Polska Kasa Opieki

Market Cap: zł47.7b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

CEMEX. de

Market Cap: Mex$242.1b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Woori Financial Group

Market Cap: ₩18.0t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Etihad Etisalat

Market Cap: ر.س48.5b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Hua Nan Financial Holdings

Market Cap: NT$395.2b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

Reinsurance Group of America

Market Cap: US$12.9b

Provides reinsurance and financial solutions.

BJ's Wholesale Club Holdings

Market Cap: US$12.9b

Operates membership warehouse clubs on the eastern half of the United States.

NMBZ Holdings

Market Cap: US$1.7b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Cochlear

Market Cap: AU$19.7b

Provides implantable hearing solutions for children and adults worldwide.

National Bank of Greece

Market Cap: €10.9b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Fisher & Paykel Healthcare

Market Cap: NZ$21.7b

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

Doximity

Market Cap: US$12.7b

Operates as a digital platform for medical professionals in the United States.

Banco Comercial Português

Market Cap: €10.9b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.7b

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

Baxter International

Market Cap: US$12.7b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.7b

Produces and supplies hydro, wind, and energy electricity in Romania.

Almarai

Market Cap: ر.س47.3b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

BDO Unibank

Market Cap: ₱721.0b

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

Kasikornbank

Market Cap: ฿404.0b

Provides commercial banking products and services in Thailand and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

CP ALL

Market Cap: ฿402.1b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥88.7b

Henan Shuanghui Investment & Development Co.,Ltd.

Tele2

Market Cap: SEK 116.2b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.