Moroccan Materials Defensive Blue Chips

Bank of Beijing

Market Cap: CN¥105.5b

Provides various banking services to individuals and corporates in China.

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Mapfre

Market Cap: €13.5b

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

SCB X

Market Cap: ฿513.5b

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

ING Bank Slaski

Market Cap: zł57.8b

Provides various banking products and services for retail clients and businesses in Poland.

Asahi Group Holdings

Market Cap: JP¥2.5t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Grupo Bimbo. de

Market Cap: Mex$261.3b

Produces, distributes, and markets bakery products.

GlobalWafers

Market Cap: NT$490.1b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Attijariwafa bank

Market Cap: د.م141.5b

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

Kirin Holdings Company

Market Cap: JP¥2.4t

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

Grupo Financiero Inbursa. de

Market Cap: Mex$258.8b

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

Kerry Group

Market Cap: €13.1b

Provides taste and nutrition solutions.

HANMI Semiconductor

Market Cap: ₩21.4t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Public Power

Market Cap: €13.0b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Cooper Companies

Market Cap: US$15.0b

Develops, manufactures, and markets contact lens wearers.

Coloplast

Market Cap: DKK 96.8b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

Brookfield Wealth Solutions

Market Cap: US$14.9b

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

First Financial Holding

Market Cap: NT$476.7b

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

Suncorp Group

Market Cap: AU$21.0b

Provides insurance products and services to retail, corporate, and commercial customers in Australia and New Zealand.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ54.4b

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

T&D Holdings

Market Cap: JP¥2.4t

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

Gjensidige Forsikring

Market Cap: NOK 140.5b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Huaneng Power International

Market Cap: HK$115.7b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Enpara Bank

Market Cap: ₺703.6b

Provides banking services and products in Turkey.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.0b

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

Fisher & Paykel Healthcare

Market Cap: NZ$25.1b

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

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

Market Cap: ر.ق53.0b

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

Unum Group

Market Cap: US$14.5b

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

Origin Energy

Market Cap: AU$20.4b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

United Utilities Group

Market Cap: UK£10.6b

Provides water and wastewater services in the United Kingdom.

African Distillers

Market Cap: US$1.8b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp255.3t

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

Phoenix Financial

Market Cap: ₪42.6b

Operates as a financial services company in Israel.

McCormick

Market Cap: US$14.2b

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

LONGi Green Energy Technology

Market Cap: CN¥96.0b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.