Ukrainian Retail Defensive Blue Chips

Grupo Bimbo. de

Market Cap: Mex$249.9b

Produces, distributes, and sells various bakery products.

Bank Polska Kasa Opieki

Market Cap: zł48.9b

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

CNA Financial

Market Cap: US$13.4b

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

Insurance Australia Group

Market Cap: AU$20.4b

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

First Financial Holding

Market Cap: NT$406.9b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

SCB X

Market Cap: ฿431.0b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Olympus

Market Cap: JP¥2.0t

Manufactures and sells precision machineries and instruments worldwide.

Etihad Etisalat

Market Cap: ر.س49.6b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Samsung Fire & Marine Insurance

Market Cap: ₩18.3t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Grupo Cibest

Market Cap: Col$53.0t

Provides banking products and services in Colombia and internationally.

Woori Financial Group

Market Cap: ₩18.2t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Ørsted

Market Cap: DKK 83.9b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ47.8b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

CEMEX. de

Market Cap: Mex$241.1b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

National Bank of Greece

Market Cap: €11.0b

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

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.8b

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

Reinsurance Group of America

Market Cap: US$12.8b

Provides reinsurance and financial solutions.

Cochlear

Market Cap: AU$19.6b

Provides implantable hearing solutions for children and adults worldwide.

Doximity

Market Cap: US$12.7b

Operates as a digital platform for medical professionals in the United States.

Almarai

Market Cap: ر.س47.7b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Banco Comercial Português

Market Cap: €10.9b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Hua Nan Financial Holdings

Market Cap: NT$386.9b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Elia Group

Market Cap: €10.9b

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

BDO Unibank

Market Cap: ₱722.6b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.9b

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

Fisher & Paykel Healthcare

Market Cap: NZ$21.5b

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

True Corporation

Market Cap: ฿407.7b

Provides telecommunications and value-added services in Thailand.

Baxter International

Market Cap: US$12.6b

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

Encompass Health

Market Cap: US$12.4b

Provides post-acute healthcare services in the United States and Puerto Rico.

Arab National Bank

Market Cap: ر.س46.6b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Aegon

Market Cap: €10.6b

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

CP ALL

Market Cap: ฿397.7b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.