Malawian Energy Defensive Blue Chips

Taiwan Cooperative Financial Holding

Market Cap: NT$378.3b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Guangdong Haid Group

Market Cap: CN¥90.0b

Researches, develops, produces, sells, and services animal feed products in China and internationally.

Smoore International Holdings

Market Cap: HK$97.2b

An investment holding company, engages in the provision of vaping technology solutions.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

Smith & Nephew

Market Cap: UK£9.3b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Montage Technology

Market Cap: CN¥89.5b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

Hims & Hers Health

Market Cap: US$12.4b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Universal Health Services

Market Cap: US$12.3b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Origin Energy

Market Cap: AU$19.0b

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.

Etihad Etisalat

Market Cap: ر.س46.0b

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

First Financial Holding

Market Cap: NT$369.7b

Through its subsidiaries, provides various in Taiwan, Asia, the United States, and internationally.

SCB X

Market Cap: ฿404.1b

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

RenaissanceRe Holdings

Market Cap: US$12.1b

Provides reinsurance and insurance products in the United States and internationally.

Gjensidige Forsikring

Market Cap: NOK 124.6b

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.6b

Henan Shuanghui Investment & Development Co.,Ltd.

JDE Peet's

Market Cap: €10.7b

Operates as a coffee and tea company worldwide.

ageas

Market Cap: €10.7b

Engages in insurance business.

Banque Saudi Fransi

Market Cap: ر.س44.7b

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

MTN Group

Market Cap: R217.8b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Turkiye Garanti Bankasi

Market Cap: ₺460.7b

Provides various banking products and services in Turkey.

Tsingtao Brewery

Market Cap: HK$92.6b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Kirin Holdings Company

Market Cap: JP¥1.7t

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

Bajaj Housing Finance

Market Cap: ₹1.0t

Provides housing finance services in India.

Arab National Bank

Market Cap: ر.س44.4b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Encompass Health

Market Cap: US$11.8b

Provides post-acute healthcare services in the United States and Puerto Rico.

Tokyo GasLtd

Market Cap: JP¥1.7t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

Banca Monte dei Paschi di Siena

Market Cap: €10.5b

Engages in the provision of retail and commercial banking services in Italy.

Union Bank of India

Market Cap: ₹998.2b

Provides various banking products and services.

Kasikornbank

Market Cap: ฿388.6b

Provides commercial banking products and services in Thailand and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹994.6b

Engages in the provision of healthcare services in India and internationally.

Manila Electric

Market Cap: ₱648.1b

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

Banco Santander-Chile

Market Cap: CL$10.9t

Provides commercial and retail banking products and services in Chile.

Giga Device Semiconductor

Market Cap: CN¥83.3b

A fabless company, provides engages in the research and development, technical support, and sales of memories, microcontrollers, and sensors.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.3b

Provides a range of banking products and services to individual and corporate customers in China.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 52.6b

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥83.3b

Engages in the clean energy business in China.