Austrian Software Defensive Blue Chips

CEMEX. de

Market Cap: Mex$270.2b

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

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Osaka Gas

Market Cap: JP¥2.4t

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

Powszechny Zaklad Ubezpieczen

Market Cap: zł55.9b

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

SCB X

Market Cap: ฿486.5b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

HDFC Life Insurance

Market Cap: ₹1.4t

Provides individual and group insurance solutions in India.

Mediobanca Banca di Credito Finanziario

Market Cap: €13.0b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Metro

Market Cap: CA$20.5b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Banco Santander-Chile

Market Cap: CL$13.6t

Provides commercial and retail banking products and services in Chile.

Krung Thai Bank

Market Cap: ฿482.2b

Engages in commercial banking business in Thailand and internationally.

Varun Beverages

Market Cap: ₹1.4t

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.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.6b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Attijariwafa bank

Market Cap: د.م139.3b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 65.2b

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

Grupo Financiero Inbursa. de

Market Cap: Mex$260.8b

Provides various financial products and services to individuals and businesses in Mexico.

Asahi Group Holdings

Market Cap: JP¥2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Hua Nan Financial Holdings

Market Cap: NT$464.8b

Provides financial services in Taiwan and internationally.

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Tele2

Market Cap: SEK 134.2b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Eurobank

Market Cap: €12.5b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Tryg

Market Cap: DKK 93.4b

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.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق52.5b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

SinoPac Financial Holdings

Market Cap: NT$459.4b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Sonova Holding

Market Cap: CHF 11.3b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Raiffeisen Bank International

Market Cap: €12.5b

Offers banking services to corporate, retail, and institutional customers.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥98.5b

Henan Shuanghui Investment & Development Co.,Ltd.

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.

East West Bancorp

Market Cap: US$14.2b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Coca-Cola Consolidated

Market Cap: US$14.2b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Smith & Nephew

Market Cap: UK£10.6b

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

Shanghai United Imaging Healthcare

Market Cap: CN¥97.7b

Shanghai United Imaging Healthcare Co., Ltd.

Banco de Crédito e Inversiones

Market Cap: CL$12.9t

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

ING Bank Slaski

Market Cap: zł52.4b

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

Gjensidige Forsikring

Market Cap: NOK 134.4b

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

Punjab National Bank

Market Cap: ₹1.3t

Provides various banking and financial products and services in India and internationally.

Nova

Market Cap: US$13.9b

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.