Qatari Utilities Defensive Blue Chips

Boston Scientific

Market Cap: US$103.3b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

EssilorLuxottica Société anonyme

Market Cap: €89.0b

Designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

Advantest

Market Cap: JP¥16.4t

Manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, rest of Asia, the Americas, and Europe.

Intesa Sanpaolo

Market Cap: €88.4b

Provides various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa.

Zurich Insurance Group

Market Cap: CHF 80.9b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

State Bank of India

Market Cap: ₹9.5t

Provides banking products and services in India and internationally.

Bank of Montreal

Market Cap: CA$132.7b

Engages in the provision of diversified financial services primarily in North America.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

ICICI Bank

Market Cap: ₹9.0t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

Westpac Banking

Market Cap: AU$135.6b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

Mizuho Financial Group

Market Cap: JP¥15.0t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

National Australia Bank

Market Cap: AU$130.8b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

CVS Health

Market Cap: US$90.7b

Provides health solutions in the United States.

AXA

Market Cap: €77.9b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Canadian Imperial Bank of Commerce

Market Cap: CA$122.0b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Postal Savings Bank of China

Market Cap: HK$669.1b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Bank of Nova Scotia

Market Cap: CA$117.1b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Marsh & McLennan Companies

Market Cap: US$84.2b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Bank of Communications

Market Cap: HK$652.7b

Provides commercial banking products and services in China and internationally.

CaixaBank

Market Cap: €71.5b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

PNC Financial Services Group

Market Cap: US$82.3b

Operates as a diversified financial services company in the United States.

National Grid

Market Cap: UK£61.2b

Engages in the transmission and distribution of electricity and gas.

Tokio Marine Holdings

Market Cap: JP¥12.9t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

MediaTek

Market Cap: NT$2.6t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

Marvell Technology

Market Cap: US$80.8b

Provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally.

U.S. Bancorp

Market Cap: US$80.0b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

CBZ Holdings

Market Cap: US$9.9b

Provides various banking and financial products and services to retail and corporate customers in Zimbabwe.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €66.0b

Engages in the insurance and reinsurance businesses worldwide.

ANZ Group Holdings

Market Cap: AU$109.7b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

Engie

Market Cap: €64.9b

Engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ274.3b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

China Telecom

Market Cap: HK$583.6b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

América Móvil. de

Market Cap: Mex$1.3t

Provides telecommunications services in Latin America and internationally.

Oversea-Chinese Banking

Market Cap: S$95.0b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Lloyds Banking Group

Market Cap: UK£54.7b

Provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom.

Mondelez International

Market Cap: US$72.9b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe.