Russian Consumer Services Defensive Blue Chips

Krung Thai Bank

Market Cap: ฿587.0b

Engages in commercial banking business in Thailand and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥117.3b

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

Elia Group

Market Cap: €15.1b

Develops and operates as a transmission system operator in Belgium and Germany.

Zimmer Biomet Holdings

Market Cap: US$17.2b

Operates as a medical technology company worldwide.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫451.2t

Provides banking products and services in Vietnam.

Mora Telematika Indonesia

Market Cap: Rp303.4t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Bank of Hangzhou

Market Cap: CN¥114.8b

Provides various banking products and services in China.

Tenet Healthcare

Market Cap: US$16.8b

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

Jentech Precision Industrial

Market Cap: NT$544.4b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Airtel Africa

Market Cap: UK£12.6b

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

Dairibord Holdings

Market Cap: US$2.1b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

Amkor Technology

Market Cap: US$16.6b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

GlobalWafers

Market Cap: NT$535.5b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Hippo Valley Estates

Market Cap: US$2.1b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Hua Xia Bank

Market Cap: CN¥111.1b

Provides commercial banking services in China and Hong Kong.

FinecoBank Banca Fineco

Market Cap: €14.4b

Provides banking, credit, trading and investment services in Italy.

Enpara Bank

Market Cap: ₺772.2b

Provides banking services and products in Turkey.

Kasikornbank

Market Cap: ฿550.1b

Provides commercial banking products and services in Thailand and internationally.

ASR Nederland

Market Cap: €14.3b

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

BB Seguridade Participações

Market Cap: R$82.3b

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

KGI Financial Holding

Market Cap: NT$523.7b

Operates as a financial company in Taiwan and internationally.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Kansai Electric Power Company

Market Cap: JP¥2.6t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

Bank Polska Kasa Opieki

Market Cap: zł61.1b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

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

Bankinter

Market Cap: €14.1b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Power Assets Holdings

Market Cap: HK$125.4b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

Banco Santander-Chile

Market Cap: CL$15.0t

Provides commercial and retail banking products and services in Chile.

Bank of Beijing

Market Cap: CN¥107.6b

Provides various banking services to individuals and corporates in China.

Mapfre

Market Cap: €13.9b

Engages in insurance, reinsurance, and financial activities in Spain.

Powszechny Zaklad Ubezpieczen

Market Cap: zł60.1b

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

Huaneng Power International

Market Cap: HK$123.5b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

Tongfu MicroelectronicsLtd

Market Cap: CN¥106.0b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

SiTime

Market Cap: US$15.6b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

ageas

Market Cap: €13.7b

Engages in insurance business.

National Bank of Greece

Market Cap: €13.6b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.