Malawian Utilities Defensive Blue Chips

SCB X

Market Cap: ฿437.7b

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

Hua Nan Financial Holdings

Market Cap: NT$403.7b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

Bankinter

Market Cap: €11.5b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Origin Energy

Market Cap: AU$20.5b

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.

Mapfre

Market Cap: €11.5b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Banco Comercial Português

Market Cap: €11.4b

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

Cochlear

Market Cap: AU$20.4b

Provides implantable hearing solutions for children and adults worldwide.

Guangdong Haid Group

Market Cap: CN¥95.4b

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

Woori Financial Group

Market Cap: ₩18.3t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Taiwan Cooperative Financial Holding

Market Cap: NT$394.3b

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

FinecoBank Banca Fineco

Market Cap: €11.3b

Provides banking, credit, trading and investment services in Italy.

T&D Holdings

Market Cap: JP¥1.9t

Through its subsidiaries, provides insurance products and services primarily in Japan.

Tokyo GasLtd

Market Cap: JP¥1.9t

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

WH Group

Market Cap: HK$102.5b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

BDO Unibank

Market Cap: ₱746.4b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$21.6b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩17.8t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Etihad Etisalat

Market Cap: ر.س47.9b

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

CP ALL

Market Cap: ฿413.7b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

CNA Financial

Market Cap: US$12.7b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Dino Polska

Market Cap: zł46.6b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.3b

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

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Insurance Australia Group

Market Cap: AU$19.3b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

CEMEX. de

Market Cap: Mex$235.0b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Centene

Market Cap: US$12.6b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Elia Group

Market Cap: €10.8b

Develops and operates as a transmission system operator in Belgium and Germany.

Grupo Bimbo. de

Market Cap: Mex$234.1b

Produces, distributes, and sells various bakery products.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.0b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Doximity

Market Cap: US$12.5b

Operates as a digital platform for medical professionals in the United States.

Grupo Cibest

Market Cap: Col$50.1t

Provides banking products and services in Colombia and internationally.

BB Seguridade Participações

Market Cap: R$67.6b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

HKT Trust and HKT

Market Cap: HK$97.4b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Almarai

Market Cap: ر.س46.4b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Reinsurance Group of America

Market Cap: US$12.3b

Provides reinsurance and financial solutions.