Emirati Software Defensive Blue Chips

Hua Xia Bank

Market Cap: CN¥101.5b

Provides commercial banking services in China and Hong Kong.

Israel Discount Bank

Market Cap: ₪45.4b

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

Piotech

Market Cap: CN¥101.1b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Etihad Etisalat

Market Cap: ر.س54.4b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Fidelity National Financial

Market Cap: US$14.5b

Provides various insurance products in the United States.

bioMérieux

Market Cap: €12.2b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Tryg

Market Cap: DKK 91.0b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.5b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Tower Semiconductor

Market Cap: US$14.5b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Erie Indemnity

Market Cap: US$14.4b

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

Osaka Gas

Market Cap: JP¥2.2t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Celsius Holdings

Market Cap: US$14.4b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Kasikornbank

Market Cap: ฿446.7b

Provides commercial banking products and services in Thailand and internationally.

Smith & Nephew

Market Cap: UK£10.5b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 61.4b

Produces and supplies hydro, wind, and energy electricity in Romania.

James Hardie Industries

Market Cap: AU$20.7b

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

Samsung Fire & Marine Insurance

Market Cap: ₩20.5t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Mashreqbank PSC

Market Cap: د.إ52.2b

Provides various banking and financial services to individuals and corporates.

Penumbra

Market Cap: US$14.1b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫368.6t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Ambuja Cements

Market Cap: ₹1.3t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Mapfre

Market Cap: €11.8b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Kerry Group

Market Cap: €11.8b

Provides taste and nutrition solutions.

Gjensidige Forsikring

Market Cap: NOK 136.3b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Alibaba Health Information Technology

Market Cap: HK$108.8b

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.

Origin Energy

Market Cap: AU$20.1b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Phison Electronics

Market Cap: NT$431.8b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Suzhou Maxwell Technologies

Market Cap: CN¥95.2b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Oklo

Market Cap: US$13.7b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Fisher & Paykel Healthcare

Market Cap: NZ$22.9b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Nova

Market Cap: US$13.7b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

BB Seguridade Participações

Market Cap: R$71.8b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

ING Bank Slaski

Market Cap: zł48.1b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Sanlam

Market Cap: R216.8b

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

Everest Group

Market Cap: US$13.6b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.