Nigerian Transportation Defensive Blue Chips

Reinsurance Group of America

Market Cap: US$12.3b

Provides reinsurance and financial solutions.

Banco de Crédito e Inversiones

Market Cap: CL$11.5t

Provides various banking products and services in Chile, United States, and Peru.

Shanghai Rural Commercial Bank

Market Cap: CN¥86.6b

Provides a range of banking products and services to individual and corporate customers in China.

Fisher & Paykel Healthcare

Market Cap: NZ$21.7b

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

True Corporation

Market Cap: ฿393.9b

Provides telecommunications and value-added services in Thailand.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 53.6b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.1b

Operates membership warehouse clubs on the eastern half of the United States.

Vodafone Idea

Market Cap: ₹1.1t

Provides mobile telecommunication services in India.

IDBI Bank

Market Cap: ₹1.1t

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

Taiwan Cooperative Financial Holding

Market Cap: NT$376.3b

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

Arab National Bank

Market Cap: ر.س44.9b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

BB Seguridade Participações

Market Cap: R$64.6b

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

BDO Unibank

Market Cap: ₱701.4b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ43.7b

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

RenaissanceRe Holdings

Market Cap: US$11.9b

Provides reinsurance and insurance products in the United States and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Krung Thai Bank

Market Cap: ฿384.3b

Engages in commercial banking business in Thailand and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$11.9b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

ING Bank Slaski

Market Cap: zł43.6b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

CP ALL

Market Cap: ฿383.2b

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

Aegon

Market Cap: €10.2b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

mBank

Market Cap: zł43.3b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Insurance Australia Group

Market Cap: AU$18.2b

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

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Baloise Holding

Market Cap: CHF 9.4b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Jentech Precision Industrial

Market Cap: NT$363.7b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

American Financial Group

Market Cap: US$11.5b

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

Alibaba Health Information Technology

Market Cap: HK$89.8b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Globus Medical

Market Cap: US$11.5b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Encompass Health

Market Cap: US$11.5b

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

China Resources Beer (Holdings)

Market Cap: HK$89.3b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Piotech

Market Cap: CN¥81.2b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

M3

Market Cap: JP¥1.8t

Provides medical-related services to physicians and other healthcare professionals through the internet.

HKT Trust and HKT

Market Cap: HK$88.7b

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.

Manila Electric

Market Cap: ₱669.5b

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

Ooredoo Q.P.S.C

Market Cap: ر.ق41.5b

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