Malawian Utilities Defensive Blue Chips

Bank Hapoalim B.M

Market Cap: ₪81.2b

Provides various banking and financial services in Israel and internationally.

BNP Paribas Fortis

Market Cap: €20.3b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Huntington Bancshares

Market Cap: US$23.5b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

China United Network Communications

Market Cap: CN¥167.3b

Provides various telecommunication services in the People’s Republic of China.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ85.1b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥166.1b

Engages in the development, construction, operation, and management of hydropower projects.

QBE Insurance Group

Market Cap: AU$35.4b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Yihai Kerry Arawana Holdings

Market Cap: CN¥164.2b

Engages in the agriculture and food processing businesses in China.

Capitec Bank Holdings

Market Cap: R400.4b

Through its subsidiaries, provides various banking products and services in South Africa.

Regions Financial

Market Cap: US$22.2b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

STMicroelectronics

Market Cap: €19.1b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Gulf Development

Market Cap: ฿717.1b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Resona Holdings

Market Cap: JP¥3.2t

Through its subsidiaries, provides retail and commercial banking products and services in Japan and internationally.

Pro Medicus

Market Cap: AU$33.4b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

STERIS

Market Cap: US$21.8b

Provides infection prevention products and services worldwide.

Eastroc Beverage(Group)

Market Cap: CN¥155.7b

Engages in the research and development, production, and sales of beverages in China.

Labcorp Holdings

Market Cap: US$21.7b

Provides laboratory services.

Riyad Bank

Market Cap: ر.س81.2b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Sigma Healthcare

Market Cap: AU$33.0b

Operates as a pharmaceutical wholesaler, distributor, and pharmacy franchisor in Australia and internationally.

ASE Technology Holding

Market Cap: NT$643.2b

Provides semiconductor manufacturing services in assembly and testing in the United States, Taiwan, Europe, Asia, and internationally.

CLP Holdings

Market Cap: HK$168.4b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Telenor

Market Cap: NOK 219.1b

Operates as a telecommunication company worldwide.

Coloplast

Market Cap: DKK 136.5b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

SBI Life Insurance

Market Cap: ₹1.9t

Operates as a private life insurance company in India.

Federal Home Loan Mortgage

Market Cap: US$21.2b

Operates in the secondary mortgage market in the United States.

Associated British Foods

Market Cap: UK£15.8b

Operates as a diversified food, ingredients, and retail company worldwide.

Standard Bank Group

Market Cap: R375.6b

Provides financial products and services in South Africa and internationally.

Renesas Electronics

Market Cap: JP¥3.1t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

JD Health International

Market Cap: HK$165.8b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Bank of Nanjing

Market Cap: CN¥150.1b

Provides various financial products and services in China.

Bank of Shanghai

Market Cap: CN¥148.8b

Provides various personal and corporate banking products and services in China.

Ørsted

Market Cap: DKK 129.8b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Straumann Holding

Market Cap: CHF 16.3b

Provides tooth replacement and orthodontic solutions worldwide.

Citizens Financial Group

Market Cap: US$20.2b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Mega Financial Holding

Market Cap: NT$602.2b

Provides various financial services in Taiwan.

Banco de Sabadell

Market Cap: €17.3b

Provides banking products and services to personal, business, and private customers in Spain and internationally.