Argentinian Software Defensive Blue Chips

China Zheshang Bank

Market Cap: HK$85.9b

Provides various commercial banking products and services in Mainland China.

SBI Shinsei Bank

Market Cap: JP¥1.7t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

Rockchip Electronics

Market Cap: CN¥76.2b

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

Magnum Ice Cream

Market Cap: €9.2b

Engages in ice cream business.

Shree Cement

Market Cap: ₹986.8b

Engages in the manufacture and sale of cement and clinker in India and internationally.

American Financial Group

Market Cap: US$10.9b

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

Beijing E-Town Semiconductor Technology

Market Cap: CN¥74.5b

Beijing E-Town Semiconductor Technology Co., Ltd.

Global Unichip

Market Cap: NT$339.1b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Tongfu MicroelectronicsLtd

Market Cap: CN¥74.4b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Tsingtao Brewery

Market Cap: CN¥74.2b

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

Yokohama Financial Group

Market Cap: JP¥1.7t

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

Guobo Electronics

Market Cap: CN¥74.1b

Engages in the research and development, production, and sale of active phased array transmitter and receiver components and radio frequency integrated circuit related products in China.

United Spirits

Market Cap: ₹964.3b

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

Webster Financial

Market Cap: US$10.6b

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.

Petrovietnam Gas

Market Cap: ₫279.4t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Buzzi

Market Cap: €9.0b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

Bank Albilad

Market Cap: ر.س39.7b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

ICICI Prudential Life Insurance

Market Cap: ₹956.2b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Marico

Market Cap: ₹951.7b

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

Akbank T.A.S

Market Cap: ₺457.3b

Provides various banking products and services in Turkey and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪32.4b

Offers insurance and financial services in Israel, Europe, and internationally.

Bank of the Philippine Islands

Market Cap: ₱616.6b

Provides various financial products and services to retail and corporate clients in the Philippines.

Enel Américas

Market Cap: CL$9.0t

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

Dino Polska

Market Cap: zł37.2b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Pilgrim's Pride

Market Cap: US$10.4b

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.

Marks and Spencer Group

Market Cap: UK£7.6b

Operates various retail stores.

Bank Negara Indonesia (Persero)

Market Cap: Rp172.5t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

BUA Foods

Market Cap: ₦14.4t

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

Phoenix Group Holdings

Market Cap: UK£7.5b

Operates in the long-term savings and retirement business in Europe.

Vienna Insurance Group

Market Cap: €8.7b

Engages in providing insurance products and services in Austria and internationally.

Far EasTone Telecommunications

Market Cap: NT$324.5b

Engages in the provision of telecommunications and digital application services in Taiwan.

Caixa Seguridade Participações

Market Cap: R$53.7b

Provides various life and non-life insurance products in Brazil.

SD Guthrie Berhad

Market Cap: RM 40.4b

Operates as an integrated plantations company in Malaysia and internationally.

Baxter International

Market Cap: US$10.2b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

ICICI Lombard General Insurance

Market Cap: ₹923.5b

Provides various general insurance products and services in India.

SouthState Bank

Market Cap: US$10.2b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.