South African Telecom Defensive Blue Chips

Comerica

Market Cap: US$10.8b

Provides financial services in the United States, Canada, and Mexico.

Banque Saudi Fransi

Market Cap: ر.س40.3b

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

BAWAG Group

Market Cap: €9.2b

Operates as a holding company for BAWAG P.S.K.

Bank Permata

Market Cap: Rp178.0t

Provides various banking products and services in Indonesia.

Amkor Technology

Market Cap: US$10.7b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م98.5b

Provides various telecommunication solutions in Morocco and internationally.

Komercní banka

Market Cap: Kč221.5b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Rockchip Electronics

Market Cap: CN¥75.2b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Rambus

Market Cap: US$10.6b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Marico

Market Cap: ₹956.1b

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

Old Republic International

Market Cap: US$10.6b

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

CPFL Energia

Market Cap: R$57.9b

Through its subsidiaries, operates as an energy company in Brazil.

Hong Leong Bank Berhad

Market Cap: RM 43.7b

Operates as a financial services company in Malaysia and internationally.

Absa Group

Market Cap: R179.6b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Orkla

Market Cap: NOK 107.0b

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.

TIM

Market Cap: R$57.5b

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

ENN Energy Holdings

Market Cap: HK$82.0b

An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫276.6t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Anhui Gujing Distillery

Market Cap: CN¥74.3b

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

Shree Cement

Market Cap: ₹940.8b

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

Huadong Medicine

Market Cap: CN¥73.7b

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

Banque Cantonale Vaudoise

Market Cap: CHF 8.4b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Globe Life

Market Cap: US$10.4b

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

Bank of the Philippine Islands

Market Cap: ₱612.9b

Provides various financial products and services to retail and corporate clients in the Philippines.

Lattice Semiconductor

Market Cap: US$10.4b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Bank Albilad

Market Cap: ر.س38.9b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Dino Polska

Market Cap: zł37.6b

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

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Phoenix Financial

Market Cap: ₪33.5b

Provides multi-line insurance products in Israel.

Enel Américas

Market Cap: CL$9.5t

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥73.0b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Piraeus Financial Holdings

Market Cap: €8.9b

Provides banking products and services in Greece and internationally.

Smoore International Holdings

Market Cap: HK$80.2b

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

Centrica

Market Cap: UK£7.7b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥72.6b

Beijing E-Town Semiconductor Technology Co., Ltd.

Skyworks Solutions

Market Cap: US$10.3b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.