Thai Consumer Services Defensive Blue Chips

Bunge Global

Market Cap: US$16.3b

Operates as an agribusiness and food company worldwide.

Hana Financial Group

Market Cap: ₩22.7t

Through its subsidiaries, provides financial services in South Korea.

Smith & Nephew

Market Cap: UK£12.1b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

bioMérieux

Market Cap: €13.9b

Develops and markets in vitro diagnostic solutions for infectious diseases in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

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.

SDIC Power Holdings

Market Cap: CN¥114.5b

Engages in the electricity generation business in China.

Saudi Electricity

Market Cap: ر.س60.1b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Fidelity National Financial

Market Cap: US$15.9b

Provides various insurance products in the United States.

GigaDevice Semiconductor

Market Cap: CN¥113.6b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Bank of Hangzhou

Market Cap: CN¥113.6b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Celsius Holdings

Market Cap: US$15.8b

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

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق57.7b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Rede D'Or São Luiz

Market Cap: R$86.2b

Operates a network of hospitals in Brazil.

Kansai Electric Power Company

Market Cap: JP¥2.3t

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

Jerónimo Martins SGPS

Market Cap: €13.3b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Tryg

Market Cap: DKK 99.5b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Fortum Oyj

Market Cap: €13.1b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Metro

Market Cap: CA$21.1b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Jiangsu Yanghe Distillery

Market Cap: CN¥109.1b

Offers liquors and wines.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$82.5b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Smoore International Holdings

Market Cap: HK$117.7b

An investment holding company, engages in the provision of vaping technology solutions.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$1.9b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Huaneng Power International

Market Cap: HK$117.0b

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

Vodacom Group

Market Cap: R264.3b

Provides communications products and services.

Hologic

Market Cap: US$14.8b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Suncorp Group

Market Cap: AU$22.6b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Kerry Group

Market Cap: €12.6b

Provides taste and nutrition solutions.

Telia Company

Market Cap: SEK 138.1b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Banco de Chile

Market Cap: CL$14.2t

Operates as a commercial bank that provides banking services in Chile.

Ryan Specialty Holdings

Market Cap: US$14.6b

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.

Budweiser Brewing Company APAC

Market Cap: HK$113.7b

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

East West Bancorp

Market Cap: US$14.6b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Centene

Market Cap: US$14.5b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

MTN Group

Market Cap: R255.9b

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