Mauritian Tech Defensive Blue Chips

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.3b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Heidelberg Materials

Market Cap: €39.2b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

American International Group

Market Cap: US$45.8b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

Monolithic Power Systems

Market Cap: US$45.3b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Heineken

Market Cap: €38.6b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.

Commerzbank

Market Cap: €37.9b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

United Overseas Bank

Market Cap: S$57.4b

Provides banking products and services worldwide.

Great-West Lifeco

Market Cap: CA$60.8b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

FBC Holdings

Market Cap: US$5.7b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Target

Market Cap: US$44.0b

Operates as a general merchandise retailer in the United States.

Axis Bank

Market Cap: ₹4.0t

Provides various financial products and services in India and internationally.

Aeon

Market Cap: JP¥6.8t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Erste Group Bank

Market Cap: €37.1b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ159.8b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Orange

Market Cap: €36.4b

Operates as a telecommunications operator in France and internationally.

Fubon Financial Holding

Market Cap: NT$1.3t

Provides various financial services in Taiwan, Asia, and internationally.

Coca-Cola Europacific Partners

Market Cap: €34.5b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

Ambev

Market Cap: R$218.9b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Skandinaviska Enskilda Banken

Market Cap: SEK 374.3b

Provides corporate, retail, investment, and private banking services.

Kroger

Market Cap: US$40.0b

Operates as a food and drug retailer in the United States.

Fairfax Financial Holdings

Market Cap: CA$54.5b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Danske Bank

Market Cap: DKK 251.2b

Provides various banking products and services to corporate, institutional, and international clients.

DNB Bank

Market Cap: NOK 397.7b

Provides financial services to individuals and businesses in Norway and internationally.

Huadian New Energy Group

Market Cap: CN¥276.1b

Engages in the power generation business in China.

ACWA Power

Market Cap: ر.س146.7b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Vulcan Materials

Market Cap: US$39.1b

Produces and supplies construction aggregates in the United States.

Alcon

Market Cap: CHF 30.7b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

GE HealthCare Technologies

Market Cap: US$38.2b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

UltraTech Cement

Market Cap: ₹3.5t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Martin Marietta Materials

Market Cap: US$37.9b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Hartford Insurance Group

Market Cap: US$37.7b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ138.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Tesco

Market Cap: UK£28.1b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Muyuan Foods

Market Cap: CN¥264.4b

Operates in the hog industry in China.

Swedbank

Market Cap: SEK 347.5b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Endesa

Market Cap: €31.7b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.