Tunisian Insurance Defensive Blue Chips

DNB Bank

Market Cap: NOK 407.2b

Provides financial services to individuals and businesses in Norway and internationally.

IDEXX Laboratories

Market Cap: US$40.3b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Orange

Market Cap: €35.5b

Operates as a telecommunications operator in France and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ145.3b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Ambev

Market Cap: R$222.6b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Intact Financial

Market Cap: CA$54.0b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Seven & i Holdings

Market Cap: JP¥5.6t

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

NTPC

Market Cap: ₹3.3t

Primarily engages in the generation and sale of bulk power to state power utilities in India.

Koninklijke Ahold Delhaize

Market Cap: €34.4b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥280.5b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

KBC Group

Market Cap: €34.2b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Cambricon Technologies

Market Cap: CN¥274.8b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

JAPAN POST BANK

Market Cap: JP¥5.4t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

Hannover Rück

Market Cap: €33.5b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Veeva Systems

Market Cap: US$38.0b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Consolidated Edison

Market Cap: US$37.5b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

China Unicom (Hong Kong)

Market Cap: HK$293.7b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Fubon Financial Holding

Market Cap: NT$1.1t

Provides various financial services in Taiwan, Asia, and internationally.

National Bank of Canada

Market Cap: CA$50.5b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Hartford Insurance Group

Market Cap: US$36.6b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ134.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Cardinal Health

Market Cap: US$36.5b

Operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally.

Standard Chartered

Market Cap: UK£26.9b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Heidelberg Materials

Market Cap: €31.9b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Sun Life Financial

Market Cap: CA$49.6b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Fairfax Financial Holdings

Market Cap: CA$49.3b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Swisscom

Market Cap: CHF 29.4b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 29.4b

Engages in the manufacture and sale of chocolate products worldwide.

ResMed

Market Cap: US$35.6b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets.

Vulcan Materials

Market Cap: US$35.4b

Produces and supplies construction aggregates in the United States.

Telstra Group

Market Cap: AU$54.2b

Engages in the provision of telecommunications and information services to businesses, government, and individuals in Australia and internationally.

Advantest

Market Cap: JP¥5.0t

Manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia.

Commerzbank

Market Cap: €30.7b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Great-West Lifeco

Market Cap: CA$47.9b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Sysco

Market Cap: US$34.6b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥4.9t

An insurance holding company, provides insurance and financial services worldwide.