Romanian Food, Beverage & Tobacco Defensive Blue Chips

Powszechny Zaklad Ubezpieczen

Market Cap: zł52.7b

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

Celsius Holdings

Market Cap: US$14.5b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

MTN Group

Market Cap: R252.7b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Fresenius Medical Care

Market Cap: €12.3b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺596.0b

Provides various banking products and services in Turkey.

Grupo Bimbo. de

Market Cap: Mex$268.0b

Produces, distributes, and sells various bakery products.

WH Group

Market Cap: HK$111.9b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Gjensidige Forsikring

Market Cap: NOK 142.1b

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

Wilmar International

Market Cap: S$18.4b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Everest Group

Market Cap: US$14.3b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

First Financial Holding

Market Cap: NT$431.4b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩19.7t

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

TS Financial Holding

Market Cap: NT$430.2b

Provides various financial products and services in Taiwan and internationally.

Origin Energy

Market Cap: AU$21.4b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$109.7b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Hormel Foods

Market Cap: US$14.0b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Tata Power

Market Cap: ₹1.2t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Bank of Baroda

Market Cap: ₹1.2t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

ASR Nederland

Market Cap: €11.9b

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

Santander Bank Polska

Market Cap: zł50.6b

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

Ryan Specialty Holdings

Market Cap: US$13.9b

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, and Singapore.

Power Assets Holdings

Market Cap: HK$107.9b

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

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Mapfre

Market Cap: €11.8b

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

Eurobank Ergasias Services and Holdings

Market Cap: €11.8b

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

Grupo Cibest

Market Cap: Col$54.2t

Provides banking products and services in Colombia and internationally.

Mr. Cooper Group

Market Cap: US$13.8b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Olympus

Market Cap: JP¥2.0t

Manufactures and sells precision machineries and instruments worldwide.

Woori Financial Group

Market Cap: ₩18.9t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Insurance Australia Group

Market Cap: AU$20.6b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Bankinter

Market Cap: €11.6b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Cooper Companies

Market Cap: US$13.6b

Develops, manufactures, and markets contact lens wearers.

Hua Nan Financial Holdings

Market Cap: NT$411.9b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Admiral Group

Market Cap: UK£10.0b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

SCB X

Market Cap: ฿429.3b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.