Peruvian Semiconductors Defensive Blue Chips

MTN Group

Market Cap: R227.1b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

ageas

Market Cap: €11.1b

Engages in insurance business.

Hims & Hers Health

Market Cap: US$12.7b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

BB Seguridade Participações

Market Cap: R$71.8b

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

Kansai Electric Power Company

Market Cap: JP¥1.8t

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

Teradyne

Market Cap: US$12.6b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.7b

Produces and supplies hydro, wind, and energy electricity in Romania.

Helvetia Holding

Market Cap: CHF 10.3b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

East West Bancorp

Market Cap: US$12.6b

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.

BPER Banca

Market Cap: €11.0b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

First Financial Holding

Market Cap: NT$374.6b

Through its subsidiaries, provides various in Taiwan, Asia, the United States, and internationally.

Shree Cement

Market Cap: ₹1.1t

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

Tokyo GasLtd

Market Cap: JP¥1.8t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

Canara Bank

Market Cap: ₹1.1t

Provides various banking products and services in India and internationally.

T&D Holdings

Market Cap: JP¥1.8t

Through its subsidiaries, provides insurance products and services primarily in Japan.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

SCB X

Market Cap: ฿399.0b

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

Universal Health Services

Market Cap: US$12.3b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Encompass Health

Market Cap: US$12.2b

Provides post-acute healthcare services in the United States and Puerto Rico.

RenaissanceRe Holdings

Market Cap: US$12.1b

Provides reinsurance and insurance products in the United States and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$363.9b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Bajaj Housing Finance

Market Cap: ₹1.0t

Provides housing finance services in India.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

Montage Technology

Market Cap: CN¥86.7b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

Etihad Etisalat

Market Cap: ر.س45.0b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Shanghai Rural Commercial Bank

Market Cap: CN¥86.4b

Provides a range of banking products and services to individual and corporate customers in China.

Hua Nan Financial Holdings

Market Cap: NT$359.6b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

Mapfre

Market Cap: €10.4b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Maplebear

Market Cap: US$11.9b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

WH Group

Market Cap: HK$93.0b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Origin Energy

Market Cap: AU$18.3b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Tsingtao Brewery

Market Cap: HK$92.7b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Banco Comercial Português

Market Cap: €10.3b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Grupo Bimbo. de

Market Cap: Mex$226.0b

Produces, distributes, and sells various bakery products.

Bankinter

Market Cap: €10.3b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

China Zheshang Bank

Market Cap: HK$92.0b

Provides various commercial banking products and services in Mainland China.