{"id":175358,"date":"2026-11-05T23:13:14","date_gmt":"2026-11-05T23:13:14","guid":{"rendered":"https:\/\/www.europesays.com\/europe\/175358\/"},"modified":"2026-11-05T23:13:14","modified_gmt":"2026-11-05T23:13:14","slug":"3-defensive-income-stocks-investors-are-eyeing-outside-the-eurozone","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/europe\/175358\/","title":{"rendered":"3 Defensive Income Stocks Investors Are Eyeing Outside The Eurozone"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">French debt worries and political friction in Europe have pushed many investors to question how much risk really sits inside euro assets, and where more resilient havens might exist. When capital starts looking for safer income streams, the shift can be fast and uncomfortable to watch from the sidelines. This article walks through three stocks exposed to that story, each offering a different way to think about defensive income and capital protection.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The stocks below are just a starter set, and the full screen surfaced 34 more companies with similarly compelling defensive income stories that are not covered here. To go straight to the source and identify, compare, and analyze your own shortlist, head into the <a href=\"https:\/\/simplywall.st\/screener\/create?q=bVLbbsMgDP2VKM-dlLbrqknbfiSqEAEntUohsyFTpH38uKzpZePBOvgYfDimbWtHGkh0c72q6rOkE3ih5Jh2GljVh1XV1hon1GA1C1aOIJEf7zFuMnsEafzxX6oPPhCIEah3dJZWwUPZOpcR8ulKvCXiORMqEIH14iJgOdfc6RIzgtGidHuouX9TJnaF6cDLpV8RYvAzoEY_CzkNwpPUoMUkTQCxbbQIfFWwbtIqMqJRhKNHZxNt8ATFvx4s4wTVd8VejgY4ouDRxAYRXdTfwKdRzmiHmFHOcjgD3ZwsPitJUDHQhCpnMdZRrPtFyeOIjfuqJmdkaVamKB1FWW101QXraRZWnrNQTLLbOnDaqGOKQ5ciZ9q6_JpTfYjr7qKRMNo7C7Q6cLoR9c19r7vsUcoUlOFLs2T3myvcLgX7dcleul2a9EYOiU_mewqQSeQ49fIvUr6XhgsxEMbJIWNn4O_Rww8%3D&amp;title=Non-Euro+Safe-Haven+Government+Bonds+and+Defensive+Income+Stocks&amp;desc=Companies+and+government+debt+from+fiscally+stronger%2C+non-euro+countries+%28e.g.%2C+US%2C+Switzerland%2C+UK%2C+select+Nordics%29+with+large+market+caps%2C+lower+volatility%2C+reasonable+liquidity+and+higher+dividend-related+and+health+scores%3B+the+list+favors+defensive+industries+such+as+staples%2C+utilities%2C+healthcare+and+insurers%2C+so+it+may+include+dividend-paying%2C+lower-risk+names+that+could+offer+defensive+income+exposure+but+not+guaranteed+safe-haven+protection.&amp;utm_medium=finance_user&amp;utm_campaign=screener_pivot_cta&amp;utm_source=yahoo&amp;blueprint=4838829\" data-ylk=\"slk:Non-Euro%20Safe-Haven%20Government%20Bonds%20and%20Defensive%20Income%20Stocks%20screener;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Non-Euro Safe-Haven Government Bonds and Defensive Income Stocks screener&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Non-Euro Safe-Haven Government Bonds and Defensive Income Stocks screener<\/a>.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">National Grid fits directly into the screener&#8217;s focus on large, income-oriented utilities in fiscally solid, non-euro markets. It offers investors exposure to regulated power and gas networks that can look relatively steady when Eurozone risk rises.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">National Grid runs regulated electricity and gas networks across the UK and US. It is a classic defensive income utility, with revenue anchored in New York at \u00a37.6b, New England at \u00a34.2b and UK transmission and distribution together at about \u00a34.8b, and a market value around \u00a364.6b.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;National Grid now plans to invest at least \u00a370bn over the five years to FY31, which supports around 10% annual asset growth and is guided to support 8 to 10% underlying EPS CAGR and dividend growth in line with UK CPIH.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">What happens to that earnings and dividend path depends heavily on how a single regulatory pressure point is resolved.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">That regulatory hinge is exactly where the story gets interesting, so read the <a href=\"https:\/\/simplywall.st\/narratives\/pwe4p17w-planned-pound60-billion-investment-will-strengthen-energy-networks-and-operational-efficiency-fi2a?utm_medium=finance_user&amp;utm_campaign=company_1_cta_narrative_full&amp;utm_source=yahoo&amp;blueprint=4838829\" data-ylk=\"slk:full%20narrative%20for%20National%20Grid;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;full narrative for National Grid&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">full narrative for National Grid<\/a> to see how that single decision could accelerate or stall National Grid&#8217;s income path.  <\/p>\n<p>    <a href=\"https:\/\/simplywall.st\/company\/id\/9bc9c3a0-5ddc-4931-8c02-74a5320adf45?utm_medium=finance_user&amp;utm_campaign=infographic&amp;utm_source=yahoo&amp;blueprint=4838829\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"LSE:NG. Earnings &amp; Revenue Growth as at Nov 2026\" height=\"613\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/a> LSE:NG. Earnings &amp; Revenue Growth as at Nov 2026                   <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">United Utilities Group offers investors a pure-play UK water and wastewater utility anchored in a regulated regime. This fits the screener&#8217;s focus on essential, income-oriented infrastructure outside the euro. It runs around 122,000 kilometers of pipes and generated about \u00a32.6b from its regulated UK water and wastewater business, with a market value near \u00a311.6b.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Where National Grid reflects power networks straddling the UK and US, United Utilities Group is about something simpler. It often appeals during Eurozone stress as a single-country, regulated service that most households cannot switch off even when markets are unsettled.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;United Utilities Group is rolling out advanced technology such as satellite imaging and telecoms fiber networks to detect leaks, which is expected to reduce water loss and operating costs and in turn support higher net margins over time.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">What could really shift the story for United Utilities Group is how one evolving pressure point feeds through to those margins investors are watching so closely.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">That pressure point is exactly where the risk and opportunity start to pull apart, so read the <a href=\"https:\/\/simplywall.st\/narratives\/rw7kxttd-implementing-satellite-imaging-and-ai-will-reduce-costs-and-improve-environmental-compliance-3o63?utm_medium=finance_user&amp;utm_campaign=company_2_cta_narrative_full&amp;utm_source=yahoo&amp;blueprint=4838829\" data-ylk=\"slk:full%20narrative%20for%20United%20Utilities%20Group;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;full narrative for United Utilities Group&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">full narrative for United Utilities Group<\/a> to see how that margin story could accelerate.  <\/p>\n<p>   <a href=\"https:\/\/simplywall.st\/company\/id\/a0bf2fed-aaa4-4bbf-85dd-9e2aee49c8ea\/past?utm_medium=finance_user&amp;utm_campaign=infographic&amp;utm_source=yahoo&amp;blueprint=4838829\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"LSE:UU. Revenue &amp; Expenses Breakdown as at Nov 2026\" height=\"622\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/a> LSE:UU. Revenue &amp; Expenses Breakdown as at Nov 2026                 <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Supermarket Income REIT gives you exposure to grocery-anchored property in the UK, which fits this screener&#8217;s focus on defensive, income-oriented assets in fiscally stronger, non-euro markets. The trust earns about \u00a3115 million from supermarket property investments and carries a market value close to \u00a31.2b.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Supermarket Income REIT offers a pure play on food infrastructure, with omnichannel supermarkets that keep rent flowing even when markets are stressed. Investors focused on defensive income in safer jurisdictions are watching how its next phase of growth is shaped.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;The proposed internalization of the company is expected to significantly reduce costs, targeting an EPRA cost ratio below 9%, down from 13.6%, which is likely to enhance net margins and earnings due to lower operational costs. The company is working on establishing a strategic joint venture, which is intended to provide financial flexibility and earnings through management fee income while retaining ownership interests, positively impacting future earnings.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The real test will come if one less visible funding trade off starts to bite into the very income stability investors care most about.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">If that trade off worries you, read the <a href=\"https:\/\/simplywall.st\/narratives\/on19xhqb-internalization-and-capital-recycling-will-lower-costs?utm_medium=finance_user&amp;utm_campaign=company_3_cta_narrative_full&amp;utm_source=yahoo&amp;blueprint=4838829\" data-ylk=\"slk:full%20narrative%20for%20Supermarket%20Income%20REIT;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;full narrative for Supermarket Income REIT&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">full narrative for Supermarket Income REIT<\/a> to see whether Supermarket Income REIT&#8217;s funding choices are quietly accelerating or stalling long term income resilience.  <\/p>\n<p>   <a href=\"https:\/\/simplywall.st\/company\/id\/e2843944-d2e5-4eb4-b139-3ba9174bb9a8\/past?utm_medium=finance_user&amp;utm_campaign=infographic&amp;utm_source=yahoo&amp;blueprint=4838829\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"LSE:SUPR Revenue &amp; Expenses Breakdown as at Nov 2026\" height=\"622\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/a> LSE:SUPR Revenue &amp; Expenses Breakdown as at Nov 2026          Seeking Alternatives Before The Crowd?         <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Fresh ideas move first. By the time momentum headlines hit, the early entry points can be gone or dropping fast. Scan what others miss and get in early.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">This article is general in nature and was produced with the assistance of AI automation, based on data and analysis from Simply Wall St. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.  <\/p>\n<p class=\"text text-block paragraph text-left tight-spacing neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Have feedback on this article? Concerned about the content? <a href=\"https:\/\/investor-research.typeform.com\/to\/wvg6MFri#feedback_token=NDgzODgyOTo1ZjY3ZWRhMWQzNDZkOThk&amp;company=LSE:NG.&amp;blueprintid=4838829\" data-ylk=\"slk:Get%20in%20touch;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Get in touch&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Get in touch<\/a> with us directly. Alternatively, email <a href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/mailto:editorial-team@simplywallst.com?subject=Re%3A%20Your%20article%20on%20LSE%3ANG.%20(yahoo)%20from%205th%20November%202026\" data-ylk=\"slk:editorial-team%40simplywallst.com;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;editorial-team@simplywallst.com&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">editorial-team@simplywallst.com<\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"French debt worries and political friction in Europe have pushed many investors to question how much risk really&hellip;\n","protected":false},"author":2,"featured_media":175359,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2480],"tags":[10447,635,440,603,2487,2486,2485,2221,6937,1457,10448,6938,5686,10449,10450,2568,1463,1054,10451,1454,6939,6940,1455,10452,109,10453],"class_list":["post-175358","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-zone","tag-401k","tag-business","tag-business-news","tag-economy","tag-euro-area","tag-euro-zone","tag-eurozone","tag-finance","tag-financial-information","tag-investing","tag-investment-tools","tag-investor","tag-market-news","tag-mortgage","tag-mutual-funds","tag-personal-finance","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/175358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/comments?post=175358"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/175358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media\/175359"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media?parent=175358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/categories?post=175358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/tags?post=175358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}