Nigerian Utilities Defensive Blue Chips

Swiss Re

Market Cap: CHF 40.1b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Endesa

Market Cap: €42.6b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Diageo

Market Cap: UK£36.5b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Commerzbank

Market Cap: €42.5b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, and Asia.

Kuwait Finance House K.S.C.P

Market Cap: د.ك15.1b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Orange

Market Cap: €42.3b

Operates as a telecommunications operator in France and internationally.

Wal-Mart de México. de

Market Cap: Mex$835.5b

Owns and operates self-service stores in Mexico and Central America.

Vistra

Market Cap: US$48.3b

Operates as an integrated retail electricity and power generation company in the United States.

Ambev

Market Cap: R$244.8b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

STMicroelectronics

Market Cap: €41.2b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

United Microelectronics

Market Cap: NT$1.5t

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Coca-Cola Europacific Partners

Market Cap: €41.1b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

Danske Bank

Market Cap: DKK 303.8b

Provides various banking products and services to corporate, institutional, and international clients.

Becton Dickinson

Market Cap: US$46.9b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

DNB Bank

Market Cap: NOK 443.6b

Provides financial services to individuals and businesses in Norway and internationally.

ASM International

Market Cap: €40.2b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

IDEXX Laboratories

Market Cap: US$46.3b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Sun Life Financial

Market Cap: CA$64.5b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Skandinaviska Enskilda Banken

Market Cap: SEK 434.9b

Provides corporate, retail, investment, and private banking services.

Shanghai Pudong Development Bank

Market Cap: CN¥308.4b

Provides commercial banking products and services in China and internationally.

Cathay Financial Holding

Market Cap: NT$1.5t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Swedbank

Market Cap: SEK 432.4b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

PICC Property and Casualty

Market Cap: HK$355.9b

Engages in property and casualty insurance business in People’s Republic of China.

RWE

Market Cap: €39.2b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Bank Central Asia

Market Cap: Rp792.3t

Provides commercial banking and other financial services.

Credo Technology Group Holding

Market Cap: US$44.4b

Provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.

Renesas Electronics

Market Cap: JP¥7.0t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.9t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

People's Insurance Company (Group) of China

Market Cap: HK$343.9b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Disco

Market Cap: JP¥6.9t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Microchip Technology

Market Cap: US$43.8b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Daiichi Life Group

Market Cap: JP¥6.9t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Humana

Market Cap: US$43.5b

Provides medical and specialty insurance products in the United States.

Wuliangye YibinLtd

Market Cap: CN¥293.1b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

China Pacific Insurance (Group)

Market Cap: CN¥291.9b

Provides insurance products to in the People’s Republic of China.