Moroccan Real Estate Defensive Blue Chips

Jerónimo Martins SGPS

Market Cap: €13.4b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Banco de Chile

Market Cap: CL$14.1t

Operates as a commercial bank that provides banking services in Chile.

BDO Unibank

Market Cap: ₱830.5b

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

Wilmar International

Market Cap: S$19.2b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Santander Bank Polska

Market Cap: zł56.3b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Tryg

Market Cap: DKK 98.1b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.6b

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

Everest Group

Market Cap: US$14.8b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Telia Company

Market Cap: SEK 142.6b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

IHH Healthcare Berhad

Market Cap: RM 61.7b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Fortum Oyj

Market Cap: €12.9b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

GAIL (India)

Market Cap: ₹1.2t

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

Budweiser Brewing Company APAC

Market Cap: HK$112.4b

An investment holding company, produces, imports, markets, distributes, and sells beer and other non-beer beverages primarily in China, South Korea, India, Vietnam, and the other Asia Pacific regions.

Attijariwafa bank

Market Cap: د.م133.9b

Provides banking products and services.

Vodacom Group

Market Cap: R263.4b

Operates as a connectivity, digital, and financial services company in South Africa, Egypt, and internationally.

Power Assets Holdings

Market Cap: HK$111.4b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥103.6b

Offers liquors, wines, and spirits.

BB Seguridade Participações

Market Cap: R$81.4b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Suncorp Group

Market Cap: AU$22.0b

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

Tata Power

Market Cap: ₹1.2t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Huaneng Power International

Market Cap: HK$109.5b

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

First Solar

Market Cap: US$14.0b

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

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

Market Cap: ر.ق50.9b

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

CP ALL

Market Cap: ฿455.9b

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

Powszechny Zaklad Ubezpieczen

Market Cap: zł52.7b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Dino Polska

Market Cap: zł52.7b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

Tenet Healthcare

Market Cap: US$13.8b

Operates as a diversified healthcare services company in the United States.

Almarai

Market Cap: ر.س51.6b

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

Bank of Baroda

Market Cap: ₹1.2t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Unum Group

Market Cap: US$13.7b

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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$77.5b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Tata Consumer Products

Market Cap: ₹1.1t

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

Grupo Nutresa S. A

Market Cap: Col$58.0t

Operates in the food industry in Colombia, Latin America, and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪48.7b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Brookfield Wealth Solutions

Market Cap: US$13.4b

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

ASR Nederland

Market Cap: €11.8b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.