Nigerian Telecom Defensive Blue Chips

Technoprobe

Market Cap: €21.6b

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

AIB Group

Market Cap: €21.6b

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

China Everbright Bank

Market Cap: CN¥166.3b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

BNP Paribas Fortis

Market Cap: €21.5b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Markel Group

Market Cap: US$24.5b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

New China Life Insurance

Market Cap: CN¥165.7b

Provides life insurance products and services to individuals and institutions in China.

Huaneng Lancang River Hydropower

Market Cap: CN¥165.6b

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

Snam

Market Cap: €21.2b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥164.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Mediobanca Banca di Credito Finanziario

Market Cap: €21.0b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Constellation Brands

Market Cap: US$23.9b

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

First Citizens BancShares

Market Cap: US$23.9b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك7.4b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

China Unicom (Hong Kong)

Market Cap: HK$187.0b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

QNB Bank

Market Cap: ₺1.1t

Provides various banking and financial services in Turkey.

Coca-Cola HBC

Market Cap: UK£17.9b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

CLP Holdings

Market Cap: HK$184.9b

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

Dollar Tree

Market Cap: US$23.6b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Suzhou Centec Communications

Market Cap: CN¥159.9b

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

Quest Diagnostics

Market Cap: US$23.5b

Provides diagnostic testing and services in the United States.

Terna

Market Cap: €20.5b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Principal Financial Group

Market Cap: US$23.4b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Hwatsing Technology

Market Cap: CN¥159.1b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

Loews

Market Cap: US$23.4b

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

Barito Renewables Energy

Market Cap: Rp413.4t

Generates and sells power through geothermal and wind resources in Indonesia.

Telefónica

Market Cap: €20.2b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp411.1t

Provides various banking products and services in Indonesia and internationally.

Labcorp Holdings

Market Cap: US$22.9b

Provides laboratory services.

Aeon

Market Cap: JP¥3.7t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Public Bank Berhad

Market Cap: RM 93.2b

Provides banking products and services.

NN Group

Market Cap: €19.9b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

US Foods Holding

Market Cap: US$22.6b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Coca-Cola FEMSA. de

Market Cap: US$22.6b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Coles Group

Market Cap: AU$32.6b

Operates as a retailer in Australia.

Banco do Brasil

Market Cap: R$115.7b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥151.6b

Inner Mongolia Yili Industrial Group Co., Ltd.