Emirati Software Defensive Blue Chips

Koninklijke KPN

Market Cap: €15.1b

Provides telecommunications and information technology (IT) services in the Netherlands.

FinecoBank Banca Fineco

Market Cap: €15.1b

Provides banking, credit, trading and investment services in Italy.

Bank of Hangzhou

Market Cap: CN¥116.2b

Provides various banking products and services in China.

Bankinter

Market Cap: €14.9b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

OmniVision Integrated Circuits Group

Market Cap: CN¥115.7b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

Federal Home Loan Mortgage

Market Cap: US$17.0b

Operates in the secondary mortgage market in the United States.

SDIC Power Holdings

Market Cap: CN¥114.3b

Engages in the electricity generation business in China.

BIWIN Storage Technology

Market Cap: CN¥114.1b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Powszechny Zaklad Ubezpieczen

Market Cap: zł62.9b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Banco Santander-Chile

Market Cap: CL$15.4t

Provides commercial and retail banking products and services in Chile.

National Bank of Greece

Market Cap: €14.5b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

ASR Nederland

Market Cap: €14.4b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.

Great Eastern Holdings

Market Cap: S$21.2b

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

Kansai Electric Power Company

Market Cap: JP¥2.6t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥111.2b

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

Elia Group

Market Cap: €14.3b

Develops and operates as a transmission system operator in Belgium and Germany.

KGI Financial Holding

Market Cap: NT$527.1b

Operates as a financial company in Taiwan and internationally.

CEMEX. de

Market Cap: Mex$277.4b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

IonQ

Market Cap: US$16.2b

Develops quantum computing systems in the United States, Switzerland, and Internationally.

Banco de Crédito e Inversiones

Market Cap: CL$14.8t

Provides various banking products and services in Chile, the United States, and Peru.

mBank

Market Cap: zł60.2b

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

BAWAG Group

Market Cap: €14.0b

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

Hippo Valley Estates

Market Cap: US$2.1b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

JD Health International

Market Cap: HK$125.8b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

ageas

Market Cap: €13.9b

Engages in insurance business.

Airtel Africa

Market Cap: UK£11.8b

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

Hua Xia Bank

Market Cap: CN¥107.3b

Provides commercial banking services in China and Hong Kong.

Reinsurance Group of America

Market Cap: US$15.8b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Pinnacle Financial Partners

Market Cap: US$15.7b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Bank of Beijing

Market Cap: CN¥105.9b

Provides various banking services to individuals and corporates in China.

SCREEN Holdings

Market Cap: JP¥2.5t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Power Assets Holdings

Market Cap: HK$122.5b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

ING Bank Slaski

Market Cap: zł58.0b

Provides various banking products and services for retail clients and businesses in Poland.

Mapfre

Market Cap: €13.4b

Engages in insurance, reinsurance, and financial activities in Spain.

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.