New Zealand Utilities Defensive Blue Chips

Magnum Ice Cream

Market Cap: €9.4b

Engages in the ice cream business in the Netherlands.

Lotus Bakeries

Market Cap: €9.4b

Provides various snack products in Belgium and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥72.2b

Engages in commercial banking business in China.

Popular

Market Cap: US$10.6b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Powerchip Semiconductor Manufacturing

Market Cap: NT$338.2b

Powerchip Semiconductor Manufacturing Corporation, together with its subsidiaries, engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally.

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Quebecor

Market Cap: CA$15.0b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Orkla

Market Cap: NOK 104.3b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Manila Electric

Market Cap: ₱642.4b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Centrica

Market Cap: UK£7.9b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Zhejiang Zheneng Electric Power

Market Cap: CN¥70.5b

Zhejiang Zheneng Electric Power Co., Ltd.

Silicon Motion Technology

Market Cap: US$10.4b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Globalstar

Market Cap: US$10.3b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Bangkok Bank

Market Cap: ฿342.6b

Provides various commercial banking products and services in Thailand and internationally.

BDO Unibank

Market Cap: ₱632.2b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

TIM

Market Cap: R$53.2b

Engages in the telecommunications sector in Brazil.

Budweiser Brewing Company APAC

Market Cap: HK$80.6b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Ryan Specialty Holdings

Market Cap: US$10.3b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Industrial Bank of Korea

Market Cap: ₩15.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

OGE Energy

Market Cap: US$10.2b

Through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States.

Novatek Microelectronics

Market Cap: NT$325.6b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Skyworks Solutions

Market Cap: US$10.2b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥69.2b

Engages in the generation and sale of electricity in China.

Japan Post Insurance

Market Cap: JP¥1.7t

Engages in the provision of life insurance products and services in Japan.

Alpha Bank

Market Cap: €8.9b

Provides various banking and financial products and services in Greece and internationally.

JoulWatt Technology

Market Cap: CN¥69.1b

Engages in the research and development, and sale of analog integrated circuits in China.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥69.1b

Engages in the clean energy business in China.

Zions Bancorporation National Association

Market Cap: US$10.2b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

SD Guthrie Berhad

Market Cap: RM 41.4b

Operates as an integrated plantations company in Malaysia and internationally.

United Spirits

Market Cap: ₹958.9b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Mowi

Market Cap: NOK 100.1b

A seafood company, produces and sells Atlantic salmon products worldwide.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Encompass Health

Market Cap: US$10.1b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

CPFL Energia

Market Cap: R$52.0b

Through its subsidiaries, operates as an energy company in Brazil.