Norwegian Tech Defensive Blue Chips

Skandinaviska Enskilda Banken

Market Cap: SEK 364.2b

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

ASM International

Market Cap: €33.8b

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.

Moore Threads Technology

Market Cap: CN¥264.4b

Engages in the development of GPU chips and related products.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.1t

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

Hartford Insurance Group

Market Cap: US$37.3b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Fairfax Financial Holdings

Market Cap: CA$50.8b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Hannover Rück

Market Cap: €32.2b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Alcon

Market Cap: CHF 29.2b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

AST SpaceMobile

Market Cap: US$36.6b

Designs and develops the constellation of BlueBird satellites in the United States.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ133.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Malayan Banking Berhad

Market Cap: RM 141.8b

Provides commercial banking and related financial products and services.

Prudential

Market Cap: UK£26.9b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

KB Financial Group

Market Cap: ₩53.3t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

UltraTech Cement

Market Cap: ₹3.3t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Sun Life Financial

Market Cap: CA$48.6b

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.

Martin Marietta Materials

Market Cap: US$35.1b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪109.1b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Microchip Technology

Market Cap: US$35.0b

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

Heidelberg Materials

Market Cap: €30.5b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Aeon

Market Cap: JP¥5.5t

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

Archer-Daniels-Midland

Market Cap: US$34.7b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Vulcan Materials

Market Cap: US$34.7b

Produces and supplies construction aggregates in the United States.

QNB Bank

Market Cap: ₺1.5t

Provides various banking and financial services in Turkey.

ACWA Power

Market Cap: ر.س130.1b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Fomento Económico Mexicano. de

Market Cap: Mex$611.7b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$4.4b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

ResMed

Market Cap: US$33.9b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Sompo Holdings

Market Cap: JP¥5.4t

Provides property and casualty insurance services in Japan and internationally.

Cathay Financial Holding

Market Cap: NT$1.1t

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

Vodafone Group

Market Cap: UK£25.2b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Arch Capital Group

Market Cap: US$33.5b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Intact Financial

Market Cap: CA$45.7b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥228.0b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Dai-ichi Life Holdings

Market Cap: JP¥5.3t

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