Chinese Software Defensive Blue Chips

Elia Group

Market Cap: €14.9b

Develops and operates as a transmission system operator in Belgium and Germany.

Centene

Market Cap: US$17.1b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

SDIC Power Holdings

Market Cap: CN¥117.4b

Engages in the electricity generation business in China.

JBS

Market Cap: US$17.0b

Operates as a protein and food company worldwide.

Bank of Beijing

Market Cap: CN¥116.7b

Provides various banking services to individuals and corporates in China.

Jentech Precision Industrial

Market Cap: NT$539.6b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

MACOM Technology Solutions Holdings

Market Cap: US$16.9b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Bank of Ireland Group

Market Cap: €14.6b

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

Wens Foodstuff Group

Market Cap: CN¥115.9b

Operates as an agricultural and animal husbandry company in China.

Hua Xia Bank

Market Cap: CN¥115.5b

Provides commercial banking services in China and Hong Kong.

Hologic

Market Cap: US$16.8b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Power Assets Holdings

Market Cap: HK$131.0b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

BE Semiconductor Industries

Market Cap: €14.5b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Federal Home Loan Mortgage

Market Cap: US$16.7b

Operates in the secondary mortgage market in the United States.

Straumann Holding

Market Cap: CHF 13.1b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Saudi Energy

Market Cap: ر.س62.3b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Unipol Assicurazioni

Market Cap: €14.2b

Provides insurance products and services primarily in Italy.

NMBZ Holdings

Market Cap: US$2.1b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

E.SUN Financial Holding Company

Market Cap: NT$521.6b

Offers various financial banking products and services in Taiwan.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

BIWIN Storage Technology

Market Cap: CN¥110.1b

Researches, develops, designs, packs, tests, produces, and sells semiconductor memory.

Telecom Italia

Market Cap: €13.9b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Woori Financial Group

Market Cap: ₩23.8t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Coloplast

Market Cap: DKK 102.9b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Jerónimo Martins SGPS

Market Cap: €13.8b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Insulet

Market Cap: US$15.8b

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

Tokyo GasLtd

Market Cap: JP¥2.5t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Rede D'Or São Luiz

Market Cap: R$81.7b

Engages in the provision of hospital services in Brazil.

WH Group

Market Cap: HK$122.8b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥107.9b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Tower Semiconductor

Market Cap: US$15.6b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Huaneng Power International

Market Cap: HK$121.5b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Santander Bank Polska

Market Cap: zł57.2b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

McCormick

Market Cap: US$15.5b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

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.