Mexican Utilities Defensive Blue Chips

HKT Trust and HKT

Market Cap: HK$93.4b

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.

Orkla

Market Cap: NOK 115.5b

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.

James Hardie Industries

Market Cap: AU$16.8b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

JCET Group

Market Cap: CN¥81.8b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Millicom International Cellular

Market Cap: US$11.9b

Provides cable and mobile services in Latin America.

Unum Group

Market Cap: US$11.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Italgas

Market Cap: €10.3b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Harel Insurance Investments & Financial Services

Market Cap: ₪37.1b

Offers insurance and financial services in Israel, Europe, and internationally.

Globus Medical

Market Cap: US$11.8b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Phison Electronics

Market Cap: NT$376.7b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Celsius Holdings

Market Cap: US$11.7b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Great Eastern Holdings

Market Cap: S$15.0b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

MTN Nigeria Communications

Market Cap: ₦16.3t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Insurance Australia Group

Market Cap: AU$16.6b

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

China Zheshang Bank

Market Cap: HK$91.5b

Provides various commercial banking products and services in Mainland China.

Technoprobe

Market Cap: €10.1b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Busy Ming Group

Market Cap: HK$91.1b

Through its subsidiaries, operates as a food and beverage retailer in China.

Suzhou Centec Communications

Market Cap: CN¥79.8b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

Suncorp Group

Market Cap: AU$16.3b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Almarai

Market Cap: ر.س43.3b

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

IDBI Bank

Market Cap: ₹1.1t

Provides banking and financial solutions to retail and corporate customers in India.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥79.2b

Engages in the clean energy business in China.

King Yuan Electronics

Market Cap: NT$366.8b

Engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥79.0b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Absa Group

Market Cap: R192.3b

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

Sanlam

Market Cap: R191.8b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Universal Health Services

Market Cap: US$11.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Taiwan Cooperative Financial Holding

Market Cap: NT$362.2b

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

Manila Electric

Market Cap: ₱676.3b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Tata Consumer Products

Market Cap: ₹1.0t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

SCREEN Holdings

Market Cap: JP¥1.8t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.3b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

T&D Holdings

Market Cap: JP¥1.8t

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

Vodafone Idea

Market Cap: ₹1.0t

Provides mobile telecommunication services in India.

Brown-Forman

Market Cap: US$11.2b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.