Malawian Utilities Defensive Blue Chips

Lattice Semiconductor

Market Cap: US$10.8b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Tsingtao Brewery

Market Cap: CN¥76.1b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Comerica

Market Cap: US$10.7b

Provides financial services in the United States, Canada, and Mexico.

BAWAG Group

Market Cap: €9.2b

Operates as a holding company for BAWAG P.S.K.

Amkor Technology

Market Cap: US$10.7b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م98.5b

Provides various telecommunication solutions in Morocco and internationally.

Rockchip Electronics

Market Cap: CN¥75.3b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Komercní banka

Market Cap: Kč221.5b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Hong Leong Bank Berhad

Market Cap: RM 43.7b

Operates as a financial services company in Malaysia and internationally.

Phoenix Financial

Market Cap: ₪34.0b

Provides multi-line insurance products in Israel.

Orkla

Market Cap: NOK 107.0b

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.

Absa Group

Market Cap: R179.6b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Bank Permata

Market Cap: Rp175.5t

Provides various banking products and services in Indonesia.

Huadong Medicine

Market Cap: CN¥74.4b

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

Anhui Gujing Distillery

Market Cap: CN¥74.3b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Marico

Market Cap: ₹946.3b

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

Globe Life

Market Cap: US$10.5b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Old Republic International

Market Cap: US$10.5b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.

Shree Cement

Market Cap: ₹940.8b

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

ENN Energy Holdings

Market Cap: HK$81.2b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫274.4t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Banque Cantonale Vaudoise

Market Cap: CHF 8.4b

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

Bank of the Philippine Islands

Market Cap: ₱612.9b

Provides various financial products and services to retail and corporate clients in the Philippines.

Dino Polska

Market Cap: zł37.6b

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

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥73.0b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Enel Américas

Market Cap: CL$9.5t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Piraeus Financial Holdings

Market Cap: €8.9b

Provides banking products and services in Greece and internationally.

Bank Albilad

Market Cap: ر.س38.7b

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

Skyworks Solutions

Market Cap: US$10.3b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥72.6b

Beijing E-Town Semiconductor Technology Co., Ltd.

Centrica

Market Cap: UK£7.7b

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

TIM

Market Cap: R$56.0b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

CPFL Energia

Market Cap: R$55.9b

Through its subsidiaries, operates as an energy company in Brazil.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Ensign Group

Market Cap: US$10.2b

Provides skilled nursing, senior living, and rehabilitative services.