Zambian Pharmaceuticals & Biotech Defensive Blue Chips

Orkla

Market Cap: NOK 114.2b

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.

Alibaba Health Information Technology

Market Cap: HK$88.8b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

James Hardie Industries

Market Cap: AU$17.7b

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

Banco Santander-Chile

Market Cap: CL$10.9t

Provides commercial and retail banking products and services in Chile.

Globe Life

Market Cap: US$11.3b

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

BKW

Market Cap: CHF 9.0b

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.

Banque Saudi Fransi

Market Cap: ر.س41.9b

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

First Horizon

Market Cap: US$11.2b

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

Huadong Medicine

Market Cap: CN¥79.8b

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

American Financial Group

Market Cap: US$11.1b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Tsingtao Brewery

Market Cap: HK$86.7b

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

Chandra Daya Investasi

Market Cap: Rp181.6t

Operates as an infrastructure investment holding company.

Skyworks Solutions

Market Cap: US$11.1b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Anhui Gujing Distillery

Market Cap: CN¥79.2b

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

BE Semiconductor Industries

Market Cap: €9.4b

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

Industrial Bank of Korea

Market Cap: ₩15.3t

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

Adani Energy Solutions

Market Cap: ₹961.2b

Generates, transmits, and distributes power in India.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥78.8b

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

Pilgrim's Pride

Market Cap: US$11.0b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Albertsons Companies

Market Cap: US$10.9b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Sanlam

Market Cap: R189.4b

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

ICICI Lombard General Insurance

Market Cap: ₹949.9b

Provides various general insurance products and services in India.

Marico

Market Cap: ₹948.4b

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

Assurant

Market Cap: US$10.8b

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

Vietnam Prosperity Commercial Bank

Market Cap: ₫285.2t

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

Enel Américas

Market Cap: CL$10.4t

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

Manila Electric

Market Cap: ₱616.5b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Carrefour

Market Cap: €9.2b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

United Spirits

Market Cap: ₹944.3b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Airtel Africa

Market Cap: UK£8.0b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

mBank

Market Cap: zł39.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Bajaj Housing Finance

Market Cap: ₹941.0b

Provides housing finance services in India.

Kinsale Capital Group

Market Cap: US$10.7b

Engages in the provision of property and casualty insurance products in the United States.

Taiwan Mobile

Market Cap: NT$326.6b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Indus Towers

Market Cap: ₹932.4b

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

Mowi

Market Cap: NOK 107.0b

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