Mauritian Tech Defensive Blue Chips

James Hardie Industries

Market Cap: AU$17.6b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Almarai

Market Cap: ر.س43.9b

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

iA Financial

Market Cap: CA$16.1b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Aegon

Market Cap: €9.9b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.4b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

First Horizon

Market Cap: US$11.6b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Globus Medical

Market Cap: US$11.6b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

SinoPac Financial Holdings

Market Cap: NT$362.0b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

HKT Trust and HKT

Market Cap: HK$89.8b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Assurant

Market Cap: US$11.5b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

BDO Unibank

Market Cap: ₱678.5b

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

Cochlear

Market Cap: AU$17.2b

Provides implantable hearing solutions for children and adults worldwide.

Acciona

Market Cap: €9.8b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

American Financial Group

Market Cap: US$11.4b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Comerica

Market Cap: US$11.4b

Provides financial services in the United States, Canada, and Mexico.

Industrial Bank of Korea

Market Cap: ₩16.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Celsius Holdings

Market Cap: US$11.3b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Chubu Electric Power Company

Market Cap: JP¥1.8t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

Manila Electric

Market Cap: ₱665.5b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Phoenix Financial

Market Cap: ₪36.2b

Provides multi-line insurance products in Israel.

China Resources Beer (Holdings)

Market Cap: HK$87.4b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

China Zheshang Bank

Market Cap: HK$87.2b

Provides various commercial banking products and services in Mainland China.

Absa Group

Market Cap: R189.0b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Baloise Holding

Market Cap: CHF 9.0b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Banque Saudi Fransi

Market Cap: ر.س41.7b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥78.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Globe Life

Market Cap: US$11.1b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Alibaba Health Information Technology

Market Cap: HK$86.2b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Old Republic International

Market Cap: US$11.0b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.

Buzzi

Market Cap: €9.4b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

Tele2

Market Cap: SEK 102.1b

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

T&D Holdings

Market Cap: JP¥1.7t

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

BKW

Market Cap: CHF 8.7b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.