Chinese Software Defensive Blue Chips

Guangdong Haid Group

Market Cap: CN¥93.8b

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

Olympus

Market Cap: JP¥1.9t

Manufactures and sells precision machineries and instruments worldwide.

China Zheshang Bank

Market Cap: HK$102.1b

Provides various commercial banking products and services in Mainland China.

Cochlear

Market Cap: AU$20.1b

Provides implantable hearing solutions for children and adults worldwide.

Union Bank of India

Market Cap: ₹1.1t

Provides banking products and services in India.

Insurance Australia Group

Market Cap: AU$20.1b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Shree Cement

Market Cap: ₹1.1t

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

Reinsurance Group of America

Market Cap: US$12.8b

Provides reinsurance and financial solutions.

Helvetia Holding

Market Cap: CHF 10.3b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

CP ALL

Market Cap: ฿415.9b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Kansai Electric Power Company

Market Cap: JP¥1.9t

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

Fisher & Paykel Healthcare

Market Cap: NZ$21.5b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Almarai

Market Cap: ر.س47.8b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Indus Towers

Market Cap: ₹1.1t

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

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

WH Group

Market Cap: HK$99.3b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.3b

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

ageas

Market Cap: €10.9b

Engages in insurance business.

National Bank of Greece

Market Cap: €10.8b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Maplebear

Market Cap: US$12.5b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

IDBI Bank

Market Cap: ₹1.1t

Provides a range of banking and financial services in India.

BPER Banca

Market Cap: €10.6b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Engages in the provision of healthcare services in India and internationally.

Mapfre

Market Cap: €10.6b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

SCB X

Market Cap: ฿397.3b

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

HKT Trust and HKT

Market Cap: HK$95.8b

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.

BB Seguridade Participações

Market Cap: R$67.6b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Adani Energy Solutions

Market Cap: ₹1.0t

Generates, transmits, and distributes power in India.

Canara Bank

Market Cap: ₹1.0t

Provides various banking products and services in India and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ44.4b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.4b

Henan Shuanghui Investment & Development Co.,Ltd.

Industrial Bank of Korea

Market Cap: ₩16.7t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Israel Discount Bank

Market Cap: ₪40.3b

Provides various banking and financial services in Israel, Europe, and North America.

Etihad Etisalat

Market Cap: ر.س44.6b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Bajaj Housing Finance

Market Cap: ₹1.0t

Provides housing finance services in India.

CNA Financial

Market Cap: US$11.8b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.