Romanian Telecom Defensive Blue Chips

Cochlear

Market Cap: AU$19.4b

Provides implantable hearing solutions for children and adults worldwide.

Piotech

Market Cap: CN¥90.5b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Union Bank of India

Market Cap: ₹1.1t

Provides banking products and services in India.

Insurance Australia Group

Market Cap: AU$19.3b

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

ACM Research (Shanghai)

Market Cap: CN¥89.6b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Zegona Communications

Market Cap: UK£9.5b

Provides integrated telecommunications services in Spain.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥89.4b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.8b

Produces and supplies hydro, wind, and energy electricity in Romania.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Reinsurance Group of America

Market Cap: US$12.5b

Provides reinsurance and financial solutions.

IDBI Bank

Market Cap: ₹1.1t

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

Acciona

Market Cap: €10.7b

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

Alibaba Health Information Technology

Market Cap: HK$96.0b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

BJ's Wholesale Club Holdings

Market Cap: US$12.3b

Operates membership warehouse clubs on the eastern half of the United States.

Taiwan Cooperative Financial Holding

Market Cap: NT$375.6b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥87.1b

Henan Shuanghui Investment & Development Co.,Ltd.

CNA Financial

Market Cap: US$12.3b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

mBank

Market Cap: zł44.4b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Rambus

Market Cap: US$12.2b

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

Tokyo GasLtd

Market Cap: JP¥1.9t

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

BDO Unibank

Market Cap: ₱717.3b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$21.1b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

WH Group

Market Cap: HK$94.3b

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

Dino Polska

Market Cap: zł44.0b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

Israel Discount Bank

Market Cap: ₪39.0b

Provides various banking and financial services in Israel, Europe, and North America.

True Corporation

Market Cap: ฿387.0b

Provides telecommunications and value-added services in Thailand.

Banque Saudi Fransi

Market Cap: ر.س44.7b

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

Bank Albilad

Market Cap: ر.س44.7b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

BKW

Market Cap: CHF 9.4b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Baxter International

Market Cap: US$11.9b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Hon. Precision

Market Cap: NT$362.0b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Aegon

Market Cap: €10.2b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

BB Seguridade Participações

Market Cap: R$63.4b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Shanghai Rural Commercial Bank

Market Cap: CN¥83.9b

Provides a range of banking products and services to individual and corporate customers in China.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Mowi

Market Cap: NOK 117.7b

A seafood company, produces and sells Atlantic salmon products worldwide.