Bangladeshi Software Defensive Blue Chips

Marico

Market Cap: ₹1.1t

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

China Resources Power Holdings

Market Cap: HK$90.1b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥78.0b

Engages in the research, development, design, and manufacturing of semiconductor test solution products.

Circuit Fabology Microelectronics Equipment

Market Cap: CN¥77.9b

Circuit Fabology Microelectronics Equipment Co., Ltd.

Caixa Seguridade Participações

Market Cap: R$59.1b

Provides insurance products in Brazil and internationally.

HKT Trust and HKT

Market Cap: HK$89.5b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Baxter International

Market Cap: US$11.4b

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

BJ's Wholesale Club Holdings

Market Cap: US$11.3b

Operates membership warehouse clubs on the eastern half of the United States.

MTN Nigeria Communications

Market Cap: ₦15.7t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Sanlam

Market Cap: R185.6b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Olympus

Market Cap: JP¥1.8t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Arab National Bank

Market Cap: ر.س42.3b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Bank of Chengdu

Market Cap: CN¥76.4b

Provides various banking products and services in China.

FormFactor

Market Cap: US$11.2b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Taiwan Mobile

Market Cap: NT$357.6b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥75.7b

Engages in commercial banking business in China.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Rockchip Electronics

Market Cap: CN¥75.5b

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

Maplebear

Market Cap: US$11.1b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪33.0b

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

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

UMB Financial

Market Cap: US$11.0b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Insulet

Market Cap: US$11.0b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Wintrust Financial

Market Cap: US$10.9b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Discovery

Market Cap: R178.1b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Zhejiang Jingsheng Mechanical & Electrical

Market Cap: CN¥73.5b

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd.

Suzhou Maxwell Technologies

Market Cap: CN¥73.4b

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

BDO Unibank

Market Cap: ₱661.5b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Suzhou Everbright Photonics

Market Cap: CN¥73.3b

Engages in the research, development, packaging, and sale of optoelectronic devices and systems in China and internationally.

Hong Leong Bank Berhad

Market Cap: RM 43.9b

Operates as a financial services company in Malaysia and internationally.

Allegro MicroSystems

Market Cap: US$10.8b

Designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific power ICs for sensing, motion control, and power management functions of complex electromechanical or power conversion systems.

Budweiser Brewing Company APAC

Market Cap: HK$84.2b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Tianshui Huatian Technology

Market Cap: CN¥72.8b

Engages in research, development, production, packaging, testing, and sales of semiconductor integrated circuits in China and internationally.

Magnum Ice Cream

Market Cap: €9.4b

Engages in the ice cream business in the Netherlands.

Lotus Bakeries

Market Cap: €9.4b

Provides various snack products in Belgium and internationally.

Guangdong Haid Group

Market Cap: CN¥72.3b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.