Chinese Software Defensive Blue Chips

Pernod Ricard

Market Cap: €17.2b

Produces and sells wines and spirits worldwide.

Tenet Healthcare

Market Cap: US$19.8b

Operates as a diversified healthcare services company in the United States.

Banco BPM

Market Cap: €17.2b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Hana Financial Group

Market Cap: ₩29.3t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Coles Group

Market Cap: AU$27.9b

Operates as a retailer in Australia.

Telia Company

Market Cap: SEK 185.3b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Saudi Awwal Bank

Market Cap: ر.س72.5b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Eastroc Beverage (Group)

Market Cap: CN¥133.0b

Engages in the manufacturing and distribution of beverages in China, Vietnam, and Malaysia.

Banco de Chile

Market Cap: CL$17.7t

Provides commercial banking services in Chile.

TS Financial Holding

Market Cap: NT$616.7b

Provides various financial products and services.

Terumo

Market Cap: JP¥3.1t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$102.1b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Mizrahi Tefahot Bank

Market Cap: ₪59.9b

Provides various banking services in Israel and internationally.

HANMI Semiconductor

Market Cap: ₩28.5t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ69.8b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Wilmar International

Market Cap: S$24.1b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫491.3t

Provides banking products and services in Vietnam.

Principal Financial Group

Market Cap: US$18.6b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Arca Continental. de

Market Cap: Mex$333.9b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Alinma Bank

Market Cap: ر.س69.8b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Grupo Cibest

Market Cap: Col$68.5t

Provides various banking products and services in Colombia and internationally.

Legal & General Group

Market Cap: UK£13.9b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

Zimmer Biomet Holdings

Market Cap: US$18.2b

Operates as a medical technology company worldwide.

Bank of Hangzhou

Market Cap: CN¥125.6b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Anhui Conch Cement

Market Cap: CN¥125.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Uniper

Market Cap: €15.7b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥124.6b

China Three Gorges Renewables (Group) Co.,Ltd.

Mega Financial Holding

Market Cap: NT$578.5b

Provides various financial services in Taiwan.

JDE Peet's

Market Cap: €15.4b

Operates as a coffee and tea company worldwide.

Kansai Electric Power Company

Market Cap: JP¥2.8t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Associated British Foods

Market Cap: UK£13.1b

Engages in the food, ingredients, and retail businesses worldwide.

Banco de Sabadell

Market Cap: €15.1b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp293.2t

Provides information and communications technology, and telecommunications network services worldwide.

Bank of Ireland Group

Market Cap: €14.8b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Federal Home Loan Mortgage

Market Cap: US$17.0b

Operates in the secondary mortgage market in the United States.

Airtel Africa

Market Cap: UK£12.8b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.