Qatari Telecom Defensive Blue Chips

Zegona Communications

Market Cap: UK£8.4b

Engages in investing in the telecommunications, media, and technology businesses in Europe.

Banco Santander-Chile

Market Cap: CL$10.9t

Provides commercial and retail banking products and services in Chile.

Adani Energy Solutions

Market Cap: ₹983.6b

Generates, transmits, and distributes power in India.

RenaissanceRe Holdings

Market Cap: US$11.2b

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

Banque Saudi Fransi

Market Cap: ر.س42.2b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥80.4b

Operates as a power generation company in China.

Acciona

Market Cap: €9.5b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

First Horizon

Market Cap: US$11.1b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

ICICI Lombard General Insurance

Market Cap: ₹967.7b

Provides various general insurance products and services in India.

China Resources Beer (Holdings)

Market Cap: HK$86.4b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Skyworks Solutions

Market Cap: US$11.1b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Industrial Bank of Korea

Market Cap: ₩15.4t

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

American Financial Group

Market Cap: US$11.0b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Globe Life

Market Cap: US$11.0b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

SinoPac Financial Holdings

Market Cap: NT$330.1b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Bajaj Housing Finance

Market Cap: ₹956.3b

Provides housing finance services in India.

Tsingtao Brewery

Market Cap: HK$85.3b

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

Enel Américas

Market Cap: CL$10.6t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Orkla

Market Cap: NOK 111.3b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Taiwan Mobile

Market Cap: NT$328.2b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫286.5t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

IDBI Bank

Market Cap: ₹948.7b

Provides banking and financial solutions to retail and corporate customers in India.

BE Semiconductor Industries

Market Cap: €9.3b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Manila Electric

Market Cap: ₱615.4b

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

Huadong Medicine

Market Cap: CN¥77.3b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Bank of the Philippine Islands

Market Cap: ₱614.0b

Provides various financial products and services to retail and corporate clients in the Philippines.

Albertsons Companies

Market Cap: US$10.7b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Assurant

Market Cap: US$10.7b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Marico

Market Cap: ₹934.7b

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

Airtel Africa

Market Cap: UK£7.9b

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

M3

Market Cap: JP¥1.6t

Provides medical-related services primarily to physicians and other healthcare professionals through the Internet.

InnoScience (Suzhou) Technology Holding

Market Cap: HK$83.0b

InnoScience (Suzhou) Technology Holding Co., Ltd.

United Spirits

Market Cap: ₹928.4b

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

ICICI Prudential Life Insurance

Market Cap: ₹920.5b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Carrefour

Market Cap: €9.0b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Celcomdigi Berhad

Market Cap: RM 44.3b

An investment holding company, provides mobile communication services and related products in Malaysia.