Pakistani Consumer Services Defensive Blue Chips

Vodacom Group

Market Cap: R259.2b

Provides communications products and services.

FinecoBank Banca Fineco

Market Cap: €12.9b

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

Kerry Group

Market Cap: €12.9b

Provides taste and nutrition solutions.

Airtel Africa

Market Cap: UK£11.3b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Ambuja Cements

Market Cap: ₹1.3t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Tryg

Market Cap: DKK 96.1b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Jerónimo Martins SGPS

Market Cap: €12.8b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: zł54.3b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Sonova Holding

Market Cap: CHF 11.9b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

bioMérieux

Market Cap: €12.7b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Nanya Technology

Market Cap: NT$463.2b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

East West Bancorp

Market Cap: US$14.7b

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.

Zegona Communications

Market Cap: UK£11.1b

Provides integrated telecommunications services in Spain.

Olympus

Market Cap: JP¥2.3t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

TS Financial Holding

Market Cap: NT$456.3b

Provides various financial products and services.

Santander Bank Polska

Market Cap: zł52.6b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Brookfield Wealth Solutions

Market Cap: US$14.5b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Bank Polska Kasa Opieki

Market Cap: zł52.5b

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

Eurobank Ergasias Services and Holdings

Market Cap: €12.4b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Chandra Daya Investasi

Market Cap: Rp239.7t

Operates as an infrastructure investment holding company.

Power Assets Holdings

Market Cap: HK$111.8b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥101.5b

Operates as a power generation company in China.

Grupo Financiero Inbursa. de

Market Cap: Mex$262.5b

Provides various financial products and services to individuals and businesses in Mexico.

Samsung Fire & Marine Insurance

Market Cap: ₩21.0t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Oklo

Market Cap: US$14.3b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Mapfre

Market Cap: €12.3b

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

National Bank of Greece

Market Cap: €12.2b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Bankinter

Market Cap: €12.2b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Banco Comercial Português

Market Cap: €12.2b

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

Banco Santander-Chile

Market Cap: CL$13.1t

Provides commercial and retail banking products and services in Chile.

Smith & Nephew

Market Cap: UK£10.6b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Kasikornbank

Market Cap: ฿447.8b

Provides commercial banking products and services in Thailand and internationally.

Gjensidige Forsikring

Market Cap: NOK 141.6b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

ASR Nederland

Market Cap: €12.0b

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

Jiangsu Yanghe Distillery

Market Cap: CN¥98.7b

Offers liquors and wines.

Coca-Cola Consolidated

Market Cap: US$13.9b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.