Venezuelan Banks Defensive Blue Chips

Assurant

Market Cap: US$11.4b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Piotech

Market Cap: CN¥80.5b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

SinoPac Financial Holdings

Market Cap: NT$356.1b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Saputo

Market Cap: CA$16.0b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

BE Semiconductor Industries

Market Cap: €9.8b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Penumbra

Market Cap: US$11.3b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Mowi

Market Cap: NOK 115.5b

A seafood company, produces and sells Atlantic salmon products worldwide.

China Zheshang Bank

Market Cap: HK$87.7b

Provides various commercial banking products and services in Mainland China.

Baloise Holding

Market Cap: CHF 9.1b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Chubu Electric Power Company

Market Cap: JP¥1.8t

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

Dino Polska

Market Cap: zł41.1b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Old Republic International

Market Cap: US$11.2b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.

Italgas

Market Cap: €9.7b

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

ICICI Lombard General Insurance

Market Cap: ₹994.3b

Provides various general insurance products and services in India.

Sanlam

Market Cap: R192.3b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Anhui Gujing Distillery

Market Cap: CN¥78.7b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

Severn Trent

Market Cap: UK£8.4b

Provides water and wastewater services in the United Kingdom.

TIM

Market Cap: R$59.4b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Hong Leong Bank Berhad

Market Cap: RM 45.6b

Operates as a financial services company in Malaysia and internationally.

Tsingtao Brewery

Market Cap: CN¥78.0b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق40.0b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Banque Saudi Fransi

Market Cap: ر.س40.9b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

BKW

Market Cap: CHF 8.8b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Phoenix Financial

Market Cap: ₪35.5b

Provides multi-line insurance products in Israel.

Industrial Bank of Korea

Market Cap: ₩16.0t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

iA Financial

Market Cap: CA$15.3b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Bank Permata

Market Cap: Rp180.2t

Provides various banking products and services in Indonesia.

Acciona

Market Cap: €9.3b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Shree Cement

Market Cap: ₹955.8b

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

Marico

Market Cap: ₹955.0b

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

First Horizon

Market Cap: US$10.7b

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

James Hardie Industries

Market Cap: AU$16.5b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م99.1b

Provides various telecommunication solutions in Morocco and internationally.

Ensign Group

Market Cap: US$10.6b

Provides skilled nursing, senior living, and rehabilitative services.

Tele2

Market Cap: SEK 101.7b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Far EasTone Telecommunications

Market Cap: NT$334.2b

Engages in the provision of telecommunications and digital application services in Taiwan.