Malawian Utilities Defensive Blue Chips

Koninklijke Philips

Market Cap: €21.5b

Operates as a health technology company in North America, the Greater China, and internationally.

Shinhan Financial Group

Market Cap: ₩37.2t

Provides financial products and services in South Korea and internationally.

Veolia Environnement

Market Cap: €21.4b

Designs and provides water, waste, and energy management solutions.

VERBUND

Market Cap: €21.4b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Citizens Financial Group

Market Cap: US$25.1b

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.

Constellation Brands

Market Cap: US$25.0b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

STERIS

Market Cap: US$24.9b

Provides infection prevention products and services worldwide.

Huaneng Lancang River Hydropower

Market Cap: CN¥174.2b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥172.2b

Advanced Micro-Fabrication Equipment Inc.

Astera Labs

Market Cap: US$24.3b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

BT Group

Market Cap: UK£18.1b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Regions Financial

Market Cap: US$24.2b

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

China Minsheng Banking

Market Cap: CN¥169.7b

Provides banking products and services in the People's Republic of China.

Telefónica

Market Cap: €20.5b

Provides telecommunications services in Europe and Latin America.

Woolworths Group

Market Cap: AU$36.0b

Operates retail stores in Australia and New Zealand.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س88.6b

Provides private health and ancillary services.

JD Health International

Market Cap: HK$183.4b

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

STMicroelectronics

Market Cap: €20.0b

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

China United Network Communications

Market Cap: CN¥161.3b

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

Banco do Brasil

Market Cap: R$123.9b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Resona Holdings

Market Cap: JP¥3.5t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

AIB Group

Market Cap: €19.3b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

KeyCorp

Market Cap: US$22.6b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Pernod Ricard

Market Cap: €19.2b

Produces and sells wines and spirits worldwide.

Banco BPM

Market Cap: €19.1b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

SBI Life Insurance

Market Cap: ₹2.0t

Operates as a private life insurance company in India.

Credicorp

Market Cap: US$22.4b

Provides various financial, insurance, and health services and products in Peru and internationally.

Sigma Healthcare

Market Cap: AU$33.5b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

CLP Holdings

Market Cap: HK$173.1b

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

ON Semiconductor

Market Cap: US$22.2b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Yihai Kerry Arawana Holdings

Market Cap: CN¥155.5b

Engages in the agriculture and food processing businesses in China.

Banco Santander (Brasil)

Market Cap: R$119.4b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Snam

Market Cap: €18.7b

Engages in the operation of natural gas transport and storage infrastructure.

Labcorp Holdings

Market Cap: US$21.9b

Provides laboratory services.

Terumo

Market Cap: JP¥3.4t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Loews

Market Cap: US$21.6b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.