Norwegian Consumer Retailing Defensive Blue Chips

Wal-Mart de México. de

Market Cap: Mex$1.0t

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

Saudi Telecom

Market Cap: ر.س211.2b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

ITC

Market Cap: ₹5.0t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Infineon Technologies

Market Cap: €47.8b

Develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.

Rocket Companies

Market Cap: US$55.6b

Provides spanning mortgage, real estate, and personal finance services in the United States and Canada.

Siemens Healthineers

Market Cap: €47.2b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Allstate

Market Cap: US$54.7b

Provides property and casualty, and other insurance products in the United States and Canada.

Becton Dickinson

Market Cap: US$54.4b

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.

Société Générale Société anonyme

Market Cap: €46.2b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Shanghai Pudong Development Bank

Market Cap: CN¥374.7b

Shanghai Pudong Development Bank Co., Ltd.

Loblaw Companies

Market Cap: CA$72.9b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

HOYA

Market Cap: JP¥8.1t

A med-tech company, provides high-tech and medical products worldwide.

Diageo

Market Cap: UK£39.0b

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

Swiss Re

Market Cap: CHF 40.7b

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

BOC Hong Kong (Holdings)

Market Cap: HK$393.5b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Standard Chartered

Market Cap: UK£37.7b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

MetLife

Market Cap: US$50.3b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Holcim

Market Cap: CHF 40.1b

Provides building materials and solutions worldwide.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ182.3b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

People's Insurance Company (Group) of China

Market Cap: HK$385.4b

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

Alimentation Couche-Tard

Market Cap: CA$68.9b

Operates and licenses convenience stores in North America, Europe, and Asia.

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.

Edwards Lifesciences

Market Cap: US$49.2b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Cardinal Health

Market Cap: US$48.7b

Operates as a healthcare services and products company in the United States and internationally.

PICC Property and Casualty

Market Cap: HK$378.1b

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

E.ON

Market Cap: €41.4b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

KBC Group

Market Cap: €41.2b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

National Bank of Canada

Market Cap: CA$66.8b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Kotak Mahindra Bank

Market Cap: ₹4.2t

Provides a range of banking and financial services to corporate and individual customers in India.

Aeon

Market Cap: JP¥7.3t

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

NAURA Technology Group

Market Cap: CN¥325.8b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Monolithic Power Systems

Market Cap: US$45.6b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق165.9b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

JAPAN POST BANK

Market Cap: JP¥7.0t

Provides financial products and services in Japan and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥320.8b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Heineken

Market Cap: €38.7b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.