Malawian Utilities Defensive Blue Chips

Oklo

Market Cap: US$11.1b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Kinsale Capital Group

Market Cap: US$11.1b

Engages in the provision of property and casualty insurance products in the United States.

Banco Santander-Chile

Market Cap: CL$10.7t

Provides commercial and retail banking products and services in Chile.

Tele2

Market Cap: SEK 105.2b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

ICICI Lombard General Insurance

Market Cap: ₹954.7b

Provides various general insurance products and services in India.

Acciona

Market Cap: €9.4b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Redeia Corporación

Market Cap: €9.3b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

DaVita

Market Cap: US$11.0b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Kirin Holdings Company

Market Cap: JP¥1.6t

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

SinoPac Financial Holdings

Market Cap: NT$322.5b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

BE Semiconductor Industries

Market Cap: €9.3b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Encompass Health

Market Cap: US$10.9b

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

Taiwan Mobile

Market Cap: NT$319.1b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

United Spirits

Market Cap: ₹929.9b

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥77.1b

Engages in the clean energy business in China.

Skyworks Solutions

Market Cap: US$10.7b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Sembcorp Industries

Market Cap: S$13.7b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

Carrefour

Market Cap: €9.1b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Celcomdigi Berhad

Market Cap: RM 45.0b

An investment holding company, provides mobile communication services and related products in Malaysia.

Alchip Technologies

Market Cap: NT$314.1b

Engages in the research and development, design, and manufacture of fabless application specific integrated circuits (ASIC) and system on a chip (SOC)in Japan, Taiwan, and China.

Banca Monte dei Paschi di Siena

Market Cap: €9.1b

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

Waaree Energies

Market Cap: ₹918.8b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Sysmex

Market Cap: JP¥1.6t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.

Orkla

Market Cap: NOK 107.4b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Hua Hong Semiconductor

Market Cap: HK$82.9b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

American Financial Group

Market Cap: US$10.5b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Chongqing Rural Commercial Bank

Market Cap: HK$82.3b

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

Huadong Medicine

Market Cap: CN¥74.8b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 8.3b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Marico

Market Cap: ₹900.4b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Centrica

Market Cap: UK£7.7b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Bank Albilad

Market Cap: ر.س38.9b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫272.8t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Molson Coors Beverage

Market Cap: US$10.4b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

ICICI Prudential Life Insurance

Market Cap: ₹894.7b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Coca-Cola Consolidated

Market Cap: US$10.3b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.