Thai Insurance Defensive Blue Chips

First Horizon

Market Cap: US$10.7b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Chongqing Rural Commercial Bank

Market Cap: HK$82.9b

Provides banking services in the People’s Republic of China.

T&D Holdings

Market Cap: JP¥1.6t

Through its subsidiaries, provides insurance products and services in Japan.

Rockchip Electronics

Market Cap: CN¥75.7b

Operates as a fabless IC design company in China.

Italgas

Market Cap: €9.2b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Carrefour

Market Cap: €9.2b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Globe Life

Market Cap: US$10.6b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Lumen Technologies

Market Cap: US$10.5b

A networking company, provides integrated products and services to business and mass customers in the United States and internationally.

Marks and Spencer Group

Market Cap: UK£8.0b

Operates various retail stores.

Marico

Market Cap: ₹935.0b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Chubu Electric Power Company

Market Cap: JP¥1.6t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Bharti Hexacom

Market Cap: ₹930.4b

Provides mobile services, fixed-line telephone, and broadband services to end consumers under the Airtel brand in India.

Smoore International Holdings

Market Cap: HK$81.1b

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

Bajaj Housing Finance

Market Cap: ₹918.3b

Provides housing finance services in India.

Ensign Group

Market Cap: US$10.3b

Provides skilled nursing, senior living, and rehabilitative services.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.2b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Hims & Hers Health

Market Cap: US$10.3b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Huadong Medicine

Market Cap: CN¥72.8b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Nova

Market Cap: US$10.2b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Enel Américas

Market Cap: CL$9.5t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Orkla

Market Cap: NOK 102.4b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

J Sainsbury

Market Cap: UK£7.7b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥71.8b

Engages in the clean energy business in China.

Celcomdigi Berhad

Market Cap: RM 42.2b

An investment holding company, provides mobile communication services and related products in Malaysia.

JCET Group

Market Cap: CN¥71.6b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Hong Leong Bank Berhad

Market Cap: RM 42.2b

Operates as a financial services company in Malaysia and internationally.

Bank of Chengdu

Market Cap: CN¥71.2b

Provides various commercial banking products and services in China.