Nigerian Utilities Defensive Blue Chips

iA Financial

Market Cap: CA$16.4b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Globus Medical

Market Cap: US$12.0b

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

Sejahteraraya Anugrahjaya

Market Cap: Rp198.0t

Provides medical services in Indonesia.

Acciona

Market Cap: €10.0b

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

Maplebear

Market Cap: US$11.8b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Absa Group

Market Cap: R196.2b

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

Carrefour

Market Cap: €10.0b

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

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Aegon

Market Cap: €9.9b

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

T&D Holdings

Market Cap: JP¥1.8t

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

Almarai

Market Cap: ر.س43.4b

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

Tele2

Market Cap: SEK 106.0b

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

HKT Trust and HKT

Market Cap: HK$89.5b

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.

Arab National Bank

Market Cap: ر.س43.2b

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.

American Financial Group

Market Cap: US$11.5b

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

Celsius Holdings

Market Cap: US$11.5b

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

Cochlear

Market Cap: AU$17.2b

Provides implantable hearing solutions for children and adults worldwide.

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.6b

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

Chubu Electric Power Company

Market Cap: JP¥1.8t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

BAWAG Group

Market Cap: €9.7b

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

Phoenix Financial

Market Cap: ₪36.3b

Provides multi-line insurance products in Israel.

Industrial Bank of Korea

Market Cap: ₩16.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

Globe Life

Market Cap: US$11.3b

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

China Resources Beer (Holdings)

Market Cap: HK$88.2b

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

Comerica

Market Cap: US$11.3b

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

Banque Saudi Fransi

Market Cap: ر.س42.3b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

BKW

Market Cap: CHF 8.9b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Align Technology

Market Cap: US$11.2b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Old Republic International

Market Cap: US$11.2b

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

China Zheshang Bank

Market Cap: HK$87.4b

Provides various commercial banking products and services in Mainland China.

Italgas

Market Cap: €9.5b

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

Hong Leong Bank Berhad

Market Cap: RM 45.6b

Operates as a financial services company in Malaysia and internationally.

Dino Polska

Market Cap: zł40.1b

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