Ukrainian Utilities Defensive Blue Chips

Insurance Australia Group

Market Cap: AU$20.2b

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

Taiwan Cooperative Financial Holding

Market Cap: NT$391.3b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Montage Technology

Market Cap: CN¥95.1b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

ageas

Market Cap: €11.2b

Engages in insurance business.

Helvetia Holding

Market Cap: CHF 10.4b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Bankinter

Market Cap: €11.1b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Rede D'Or São Luiz

Market Cap: R$72.0b

Operates a network of hospitals in Brazil.

WH Group

Market Cap: HK$102.3b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

National Bank of Greece

Market Cap: €11.1b

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

Reinsurance Group of America

Market Cap: US$13.0b

Provides reinsurance and financial solutions.

Hims & Hers Health

Market Cap: US$13.0b

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

Maplebear

Market Cap: US$13.0b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

BPER Banca

Market Cap: €11.0b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

CP ALL

Market Cap: ฿418.2b

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

SCB X

Market Cap: ฿415.8b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.6b

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

Fisher & Paykel Healthcare

Market Cap: NZ$21.3b

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

Guangdong Haid Group

Market Cap: CN¥91.7b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Union Bank of India

Market Cap: ₹1.1t

Provides banking products and services in India.

Shanghai Rural Commercial Bank

Market Cap: CN¥90.9b

Provides a range of banking products and services to individual and corporate customers in China.

Almarai

Market Cap: ر.س47.6b

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

China Zheshang Bank

Market Cap: HK$99.1b

Provides various commercial banking products and services in Mainland China.

Mapfre

Market Cap: €10.7b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

T&D Holdings

Market Cap: JP¥1.8t

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.3b

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

Banco Comercial Português

Market Cap: €10.5b

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥87.9b

Henan Shuanghui Investment & Development Co.,Ltd.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Engages in the provision of healthcare services in India and internationally.

Etihad Etisalat

Market Cap: ر.س45.9b

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

Israel Discount Bank

Market Cap: ₪40.8b

Provides various banking and financial services in Israel, Europe, and North America.

Tokyo GasLtd

Market Cap: JP¥1.8t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

CNA Financial

Market Cap: US$12.1b

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

Itissalat Al-Maghrib (IAM)

Market Cap: د.م108.1b

Provides various telecommunication solutions in Morocco and internationally.