Romanian Pharmaceuticals & Biotech Defensive Blue Chips

MS&AD Insurance Group Holdings

Market Cap: JP¥4.8t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Poste Italiane

Market Cap: €27.0b

Provides postal, logistics, and financial and insurance products and services in Italy.

Astera Labs

Market Cap: US$31.0b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Seven & i Holdings

Market Cap: JP¥4.8t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$575.1b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Foshan Haitian Flavouring and Food

Market Cap: CN¥219.9b

Foshan Haitian Flavouring and Food Company Ltd.

Ping An Bank

Market Cap: CN¥219.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Swiss Life Holding

Market Cap: CHF 24.7b

Provides life, pensions, and financial solutions for private and corporate clients.

Federal Home Loan Mortgage

Market Cap: US$30.7b

Operates in the secondary mortgage market in the United States.

Cathay Financial Holding

Market Cap: NT$938.8b

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Avenue Supermarts

Market Cap: ₹2.7t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Bank Leumi le-Israel B.M

Market Cap: ₪98.7b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Power Grid Corporation of India

Market Cap: ₹2.7t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Willis Towers Watson

Market Cap: US$30.0b

Operates as an advisory, broking, and solutions company worldwide.

National Bank of KuwaitK.P

Market Cap: د.ك9.2b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Power Corporation of Canada

Market Cap: CA$41.9b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Sampo Oyj

Market Cap: €25.8b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

KB Financial Group

Market Cap: ₩42.1t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

AST SpaceMobile

Market Cap: US$29.5b

Designs and develops the constellation of BlueBird satellites in the United States.

Kraft Heinz

Market Cap: US$29.3b

Manufactures and markets food and beverage products in North America and internationally.

Naturgy Energy Group

Market Cap: €25.2b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Archer-Daniels-Midland

Market Cap: US$29.1b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Vodafone Group

Market Cap: UK£22.0b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Teradyne

Market Cap: US$28.9b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Kellanova

Market Cap: US$28.9b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ105.5b

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

First Solar

Market Cap: US$28.6b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Amrize

Market Cap: CHF 22.9b

Focuses on building materials business in North America.

Telefónica

Market Cap: €24.7b

Provides telecommunications services in Europe and Latin America.

Malayan Banking Berhad

Market Cap: RM 119.2b

Provides commercial banking and related financial products and services.

M&T Bank

Market Cap: US$28.3b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Sompo Holdings

Market Cap: JP¥4.3t

Provides property and casualty insurance services in Japan and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥198.0b

Produces and sells alcoholic products in China and internationally.

Bank of Jiangsu

Market Cap: CN¥197.8b

Provides various banking products and services in China.

Advanced Info Service

Market Cap: ฿898.2b

Operates as a telecommunications and technology company primarily in Thailand.

SSE

Market Cap: UK£21.1b

Engages in the generation, transmission, distribution, and supply of electricity.