Malawian Telecom Defensive Blue Chips

Heineken

Market Cap: €44.1b

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

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Alimentation Couche-Tard

Market Cap: CA$68.2b

Operates and licenses convenience stores in North America, Europe, and Asia.

Sempra

Market Cap: US$48.4b

Operates as an energy infrastructure company in the United States and internationally.

Barito Renewables Energy

Market Cap: Rp806.1t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

Loblaw Companies

Market Cap: CA$66.9b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Singapore Telecommunications

Market Cap: S$62.4b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, China, and internationally.

Kroger

Market Cap: US$47.7b

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

Nordea Bank Abp

Market Cap: €42.2b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

American International Group

Market Cap: US$47.6b

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

Alcon

Market Cap: CHF 39.4b

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

Hygon Information Technology

Market Cap: CN¥344.8b

Engages in the research and development of computing chip products and systems in China.

NXP Semiconductors

Market Cap: US$46.6b

Offers various semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

E.ON

Market Cap: €40.3b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ166.8b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

United Overseas Bank

Market Cap: S$57.9b

Provides banking products and services worldwide.

Shanghai Pudong Development Bank

Market Cap: CN¥321.7b

Shanghai Pudong Development Bank Co., Ltd.

Edwards Lifesciences

Market Cap: US$44.2b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Target

Market Cap: US$44.1b

Operates as a general merchandise retailer in the United States.

Vistra

Market Cap: US$43.9b

Operates as an integrated retail electricity and power generation company in the United States.

BOC Hong Kong (Holdings)

Market Cap: HK$340.4b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Axis Bank

Market Cap: ₹3.7t

Engages in the provision of various banking and financial products and services.

Infineon Technologies

Market Cap: €37.5b

Engages in the design, development, manufacture, and marketing of semiconductors and semiconductor-based solutions worldwide.

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

Market Cap: ر.ق153.9b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

HOYA

Market Cap: JP¥6.0t

A med-tech company, provides high-tech and medical products worldwide.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ151.7b

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

Coca-Cola Europacific Partners

Market Cap: €36.4b

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

PICC Property and Casualty

Market Cap: HK$318.1b

Engages in property and casualty insurance business in People’s Republic of China.

NTPC

Market Cap: ₹3.4t

Primarily engages in the generation and sale of bulk power to state power utilities in India.

Kuwait Finance House K.S.C.P

Market Cap: د.ك12.5b

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

Cambricon Technologies

Market Cap: CN¥293.6b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

Société Générale Société anonyme

Market Cap: €35.6b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Ambev

Market Cap: R$228.0b

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.

UltraTech Cement

Market Cap: ₹3.4t

Primarily engages in the manufacture and sale of clinker, cement, and related products in India.

People's Insurance Company (Group) of China

Market Cap: HK$307.4b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

Intact Financial

Market Cap: CA$54.6b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.