Palestinian Utilities Defensive Blue Chips

Erste Bank Polska

Market Cap: zł61.3b

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

Banco de Sabadell

Market Cap: €14.4b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Nova

Market Cap: US$16.5b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Airtel Africa

Market Cap: UK£12.4b

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

Bank Polska Kasa Opieki

Market Cap: zł60.6b

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

Kansai Electric Power Company

Market Cap: JP¥2.6t

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

Hippo Valley Estates

Market Cap: US$2.1b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

SDIC Power Holdings

Market Cap: CN¥110.0b

Engages in the electricity generation business in China.

Eurobank

Market Cap: €14.0b

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

Hua Xia Bank

Market Cap: CN¥108.7b

Provides commercial banking services in China and Hong Kong.

Bank of Beijing

Market Cap: CN¥108.7b

Provides various banking services to individuals and corporates in China.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Suzhou Centec Communications

Market Cap: CN¥107.8b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

Banco Comercial Português

Market Cap: €13.7b

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

Semtech

Market Cap: US$15.8b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Rambus

Market Cap: US$15.7b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Sonova Holding

Market Cap: CHF 12.4b

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.

JD Health International

Market Cap: HK$121.7b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Hua Nan Financial Holdings

Market Cap: NT$484.3b

Provides financial services in Taiwan and internationally.

Power Assets Holdings

Market Cap: HK$120.2b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

ING Bank Slaski

Market Cap: zł56.4b

Provides various banking products and services for retail clients and businesses in Poland.

National Bank of Greece

Market Cap: €13.2b

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

Krung Thai Bank

Market Cap: ฿492.7b

Engages in commercial banking business in Thailand and internationally.

African Distillers

Market Cap: US$1.9b

Manufactures, distributes, and markets branded wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

SinoPac Financial Holdings

Market Cap: NT$473.9b

Through its subsidiaries, provides banking services worldwide.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp272.9t

Provides information and communications technology, and telecommunications network services worldwide.

Tongfu MicroelectronicsLtd

Market Cap: CN¥101.4b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Phoenix Financial

Market Cap: ₪44.3b

Operates as a financial services company in Israel.

Brookfield Wealth Solutions

Market Cap: US$15.0b

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

SCREEN Holdings

Market Cap: JP¥2.4t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

ASR Nederland

Market Cap: €12.9b

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

KGI Financial Holding

Market Cap: NT$468.5b

Operates as a financial company in Taiwan and internationally.

Attijariwafa bank

Market Cap: د.م137.3b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Woori Financial Group

Market Cap: ₩22.8t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$258.7b

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

FinecoBank Banca Fineco

Market Cap: €12.8b

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