Norwegian Utilities Defensive Blue Chips

Vodacom Group

Market Cap: R254.4b

Operates as a connectivity, digital, and financial services company in South Africa, Egypt, and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$78.0b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Align Technology

Market Cap: US$13.8b

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

CP ALL

Market Cap: ฿458.1b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Smoore International Holdings

Market Cap: HK$107.1b

An investment holding company, engages in the provision of vaping technology solutions.

Unipol Assicurazioni

Market Cap: €12.3b

Provides insurance products and services primarily in Italy.

Grupo Nutresa S. A

Market Cap: Col$57.2t

Operates in the food industry in Colombia, Latin America, and internationally.

Performance Food Group

Market Cap: US$13.6b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Reinsurance Group of America

Market Cap: US$13.6b

Provides reinsurance and financial solutions.

Teradyne

Market Cap: US$13.6b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Bank of Hangzhou

Market Cap: CN¥97.3b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Rede D'Or São Luiz

Market Cap: R$75.8b

Operates a network of hospitals in Brazil.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Admiral Group

Market Cap: UK£10.1b

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

ASR Nederland

Market Cap: €12.0b

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

BB Seguridade Participações

Market Cap: R$74.8b

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

Bank of the Philippine Islands

Market Cap: ₱737.0b

Provides various financial products and services to retail and corporate clients in the Philippines.

Punjab National Bank

Market Cap: ₹1.1t

Provides various banking and financial products and services in India.

East West Bancorp

Market Cap: US$13.2b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Hana Financial Group

Market Cap: ₩18.4t

Through its subsidiaries, provides financial services in South Korea.

Guangdong Haid Group

Market Cap: CN¥94.9b

Researches, develops, produces, sells, and services animal feed products in China and internationally.

CNA Financial

Market Cap: US$13.1b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Mashreqbank PSC

Market Cap: د.إ48.1b

Provides various banking and financial services to individuals and corporates.

True Corporation

Market Cap: ฿431.9b

Provides telecommunications and value-added services in Thailand.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Kansai Electric Power Company

Market Cap: JP¥1.9t

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

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

FinecoBank Banca Fineco

Market Cap: €11.6b

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

Grupo Bimbo. de

Market Cap: Mex$249.8b

Produces, distributes, and sells various bakery products.

Insurance Australia Group

Market Cap: AU$19.9b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Bank of Ireland Group

Market Cap: €11.5b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

United Spirits

Market Cap: ₹1.1t

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Hologic

Market Cap: US$12.7b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Hua Nan Financial Holdings

Market Cap: NT$384.4b

Provides financial services in Taiwan and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$21.3b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Bank Polska Kasa Opieki

Market Cap: zł47.9b

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