Argentinian Software Defensive Blue Chips

China Zheshang Bank

Market Cap: HK$85.2b

Provides various commercial banking products and services in Mainland China.

Apollo Hospitals Enterprise

Market Cap: ₹999.0b

Provides healthcare services in India.

China Resources Beer (Holdings)

Market Cap: HK$85.1b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Magnum Ice Cream

Market Cap: €9.2b

Engages in ice cream business.

American Financial Group

Market Cap: US$10.9b

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

Guobo Electronics

Market Cap: CN¥75.5b

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.

SK Telecom

Market Cap: ₩15.4t

Engages in the provision of wireless telecommunication services in South Korea.

National Silicon Industry Group

Market Cap: CN¥74.1b

National Silicon Industry Group Co., Ltd.

Türkiye Is Bankasi

Market Cap: ₺462.2b

Provides various banking products and services in Turkey.

SBI Shinsei Bank

Market Cap: JP¥1.6t

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

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.

ASPEED Technology

Market Cap: NT$335.7b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Bank Albilad

Market Cap: ر.س39.1b

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

Shree Cement

Market Cap: ₹952.0b

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

BUA Foods

Market Cap: ₦14.4t

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

Dino Polska

Market Cap: zł36.8b

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

Max Healthcare Institute

Market Cap: ₹949.8b

Provides medical and healthcare services in India.

United Spirits

Market Cap: ₹947.9b

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

Baxter International

Market Cap: US$10.3b

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

Itissalat Al-Maghrib (IAM)

Market Cap: د.م94.1b

Provides various telecommunication solutions in Morocco and internationally.

Pilgrim's Pride

Market Cap: US$10.3b

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.

Buzzi

Market Cap: €8.7b

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

Tsingtao Brewery

Market Cap: CN¥71.5b

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

SD Guthrie Berhad

Market Cap: RM 40.4b

Operates as an integrated plantations company in Malaysia and internationally.

Millicom International Cellular

Market Cap: US$10.2b

Provides cable and mobile services in Latin America.

Marico

Market Cap: ₹934.6b

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

Yokohama Financial Group

Market Cap: JP¥1.6t

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

Unigroup Guoxin Microelectronics

Market Cap: CN¥70.7b

Unigroup Guoxin Microelectronics Co., Ltd.

ICICI Prudential Life Insurance

Market Cap: ₹931.7b

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

SouthState Bank

Market Cap: US$10.1b

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.

Far EasTone Telecommunications

Market Cap: NT$320.2b

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

Phoenix Group Holdings

Market Cap: UK£7.4b

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

Enel Américas

Market Cap: CL$8.9t

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

Chongqing Rural Commercial Bank

Market Cap: HK$79.0b

Provides banking services in the People’s Republic of China.

Yuanjie Semiconductor Technology

Market Cap: CN¥70.4b

Yuanjie Semiconductor Technology Co., Ltd.

Marks and Spencer Group

Market Cap: UK£7.4b

Operates various retail stores.