Filipino Retail Defensive Blue Chips

Sanlam

Market Cap: R178.1b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Marico

Market Cap: ₹1.1t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫283.1t

Provides various banking products and services in Vietnam and internationally.

Bangkok Bank

Market Cap: ฿362.7b

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

King Yuan Electronics

Market Cap: NT$346.6b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Chongqing Rural Commercial Bank

Market Cap: HK$86.1b

Provides banking and related financial services in the People’s Republic of China.

Glaukos

Market Cap: US$10.9b

An ophthalmic pharmaceutical and medical technology company, develops therapies for the treatment of glaucoma, corneal disorders, and retinal diseases in the United States and internationally.

Align Technology

Market Cap: US$10.9b

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

Marks and Spencer Group

Market Cap: UK£8.0b

Operates various retail stores.

UMB Financial

Market Cap: US$10.8b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Powerchip Semiconductor Manufacturing

Market Cap: NT$341.1b

Engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally.

Maplebear

Market Cap: US$10.8b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Guangdong Haid Group

Market Cap: CN¥72.4b

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

Discovery

Market Cap: R173.2b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Interconexión Eléctrica E.S.P

Market Cap: Col$33.5t

Engages in the electric power, roads, and ICT and telecommunications business activities.

Popular

Market Cap: US$10.7b

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.

Alchip Technologies

Market Cap: NT$336.6b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

Unicaja Banco

Market Cap: €9.2b

Engages in the retail banking business in Spain.

Globalstar

Market Cap: US$10.7b

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

SG Micro

Market Cap: CN¥71.2b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Darling Ingredients

Market Cap: US$10.6b

Develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥71.0b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Shoprite Holdings

Market Cap: R169.5b

An investment holding company, engages in the food retail and wholesale business in South Africa and internationally.

Vienna Insurance Group

Market Cap: €9.0b

Engages in providing insurance products and services in Austria and internationally.

United Spirits

Market Cap: ₹997.8b

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

Beazley

Market Cap: UK£7.7b

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

Novatek Microelectronics

Market Cap: NT$330.4b

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.

Busy Ming Group

Market Cap: HK$82.2b

Through its subsidiaries, operates as a food and beverage retailer in China.

BIM Birlesik Magazalar

Market Cap: ₺506.9b

Operates retail stores in Turkey, Morocco, and Egypt.

Ryan Specialty Holdings

Market Cap: US$10.5b

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.

SD Guthrie Berhad

Market Cap: RM 42.5b

Operates as an integrated plantations company in Malaysia and internationally.

United Nova TechnologyLtd

Market Cap: CN¥69.9b

Manufactures and markets power discrete and modules in China and internationally.

Tata Consumer Products

Market Cap: ₹990.6b

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

OPC Energy

Market Cap: ₪31.4b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.2b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.