Dutch Consumer Services Defensive Blue Chips

Kasikornbank

Market Cap: ฿568.9b

Provides commercial banking products and services in Thailand and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩24.4t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Airtel Africa

Market Cap: UK£12.6b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

OmniVision Integrated Circuits Group

Market Cap: CN¥113.7b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

National Bank of Greece

Market Cap: €14.7b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Kansai Electric Power Company

Market Cap: JP¥2.7t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

Hua Xia Bank

Market Cap: CN¥112.8b

Provides commercial banking services in China and Hong Kong.

Hippo Valley Estates

Market Cap: US$2.1b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

ASPEED Technology

Market Cap: NT$536.8b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Bank Polska Kasa Opieki

Market Cap: zł62.3b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

FinecoBank Banca Fineco

Market Cap: €14.3b

Provides banking, credit, trading and investment services in Italy.

ASR Nederland

Market Cap: €14.3b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.

JD Health International

Market Cap: HK$127.6b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Woori Financial Group

Market Cap: ₩23.4t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Mora Telematika Indonesia

Market Cap: Rp295.0t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Sonova Holding

Market Cap: CHF 13.2b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Power Assets Holdings

Market Cap: HK$126.6b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

Bankinter

Market Cap: €14.0b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: zł60.5b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Elia Group

Market Cap: €14.0b

Develops and operates as a transmission system operator in Belgium and Germany.

Bank of Beijing

Market Cap: CN¥108.3b

Provides various banking services to individuals and corporates in China.

Banco Santander-Chile

Market Cap: CL$14.9t

Provides commercial and retail banking products and services in Chile.

Reinsurance Group of America

Market Cap: US$15.9b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Asahi Group Holdings

Market Cap: JP¥2.6t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Xi'an ESWIN Material Technology

Market Cap: CN¥107.3b

Xi'an ESWIN Material Technology Co., Ltd.

Pinnacle Financial Partners

Market Cap: US$15.8b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Great Eastern Holdings

Market Cap: S$20.4b

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

Everest Group

Market Cap: US$15.8b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

BB Seguridade Participações

Market Cap: R$79.4b

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

James Hardie Industries

Market Cap: AU$22.3b

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

SCB X

Market Cap: ฿520.2b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

ageas

Market Cap: €13.5b

Engages in insurance business.

Admiral Group

Market Cap: UK£11.6b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

First Financial Holding

Market Cap: NT$500.4b

Provides various financial products and services in Asia, North America, Oceania, and Europe.