Zambian Utilities Defensive Blue Chips

BUA Foods

Market Cap: ₦16.9t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Far EasTone Telecommunications

Market Cap: NT$391.4b

Provides mobile telecommunications services in Taiwan and internationally.

Align Technology

Market Cap: US$12.2b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥83.2b

Shanghai United Imaging Healthcare Co., Ltd.

Webster Financial

Market Cap: US$12.2b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

United Nova TechnologyLtd

Market Cap: CN¥82.7b

Manufactures and markets power discrete and modules in China and internationally.

GAIL (India)

Market Cap: ₹1.1t

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

CP ALL

Market Cap: ฿401.0b

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

China Resources Power Holdings

Market Cap: HK$94.2b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Erie Indemnity

Market Cap: US$12.0b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

First Horizon

Market Cap: US$12.0b

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

iA Financial

Market Cap: CA$17.0b

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

Almarai

Market Cap: ر.س44.8b

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

Italgas

Market Cap: €10.5b

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

Israel Discount Bank

Market Cap: ₪35.5b

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

J. M. Smucker

Market Cap: US$11.9b

Manufactures and markets branded food and beverage products worldwide.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Saputo

Market Cap: CA$16.8b

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

Tata Consumer Products

Market Cap: ₹1.1t

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

Great Eastern Holdings

Market Cap: S$15.4b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Coca-Cola Consolidated

Market Cap: US$11.8b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Yokohama Financial Group

Market Cap: JP¥1.9t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.7b

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

Dangote Cement

Market Cap: ₦16.1t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Eastroc Beverage (Group)

Market Cap: CN¥79.5b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥79.3b

Engages in the research, development, design, and manufacturing of semiconductor test solution products.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫305.0t

Provides various banking products and services in Vietnam and internationally.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

SICC

Market Cap: CN¥78.7b

Engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally.

Arab National Bank

Market Cap: ر.س43.4b

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.

Rockchip Electronics

Market Cap: CN¥78.7b

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

Dosilicon

Market Cap: CN¥78.7b

Engages in the design, research and development, and sale of semiconductor chips worldwide.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥78.5b

Henan Shuanghui Investment & Development Co.,Ltd.

Discovery

Market Cap: R189.8b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

American Financial Group

Market Cap: US$11.5b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥78.0b

Engages in commercial banking business in China.