Egyptian Software Defensive Blue Chips

Airtel Africa

Market Cap: UK£12.8b

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

SDIC Power Holdings

Market Cap: CN¥117.2b

Engages in the electricity generation business in China.

BE Semiconductor Industries

Market Cap: €14.7b

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

Vodacom Group

Market Cap: R289.9b

Provides communications products and services.

WH Group

Market Cap: HK$132.2b

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

Hologic

Market Cap: US$16.9b

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.

Anhui Conch Cement

Market Cap: CN¥116.1b

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

Bank of Beijing

Market Cap: CN¥115.0b

Provides various banking services to individuals and corporates in China.

Straumann Holding

Market Cap: CHF 13.3b

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

Power Assets Holdings

Market Cap: HK$130.2b

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

Hua Xia Bank

Market Cap: CN¥113.6b

Provides commercial banking services in China and Hong Kong.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥113.4b

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

NMBZ Holdings

Market Cap: US$2.1b

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

Elia Group

Market Cap: €14.1b

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

Wens Foodstuff Group

Market Cap: CN¥112.5b

Operates as an agricultural and animal husbandry company in China.

E.SUN Financial Holding Company

Market Cap: NT$520.8b

Offers various financial banking products and services in Taiwan.

Woori Financial Group

Market Cap: ₩24.6t

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

Tokyo GasLtd

Market Cap: JP¥2.6t

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

Unipol Assicurazioni

Market Cap: €14.0b

Provides insurance products and services primarily in Italy.

BIWIN Storage Technology

Market Cap: CN¥111.4b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Rede D'Or São Luiz

Market Cap: R$84.7b

Engages in the provision of hospital services in Brazil.

Centene

Market Cap: US$16.1b

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

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.

CEMEX. de

Market Cap: Mex$285.4b

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

Santander Bank Polska

Market Cap: zł58.4b

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

Federal Home Loan Mortgage

Market Cap: US$15.6b

Operates in the secondary mortgage market in the United States.

Mediobanca Banca di Credito Finanziario

Market Cap: €13.6b

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

Osaka Gas

Market Cap: JP¥2.5t

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

Huaneng Power International

Market Cap: HK$121.8b

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

Telecom Italia

Market Cap: €13.4b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Piotech

Market Cap: CN¥106.0b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Insulet

Market Cap: US$15.2b

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

Banco Santander-Chile

Market Cap: CL$14.1t

Provides commercial and retail banking products and services in Chile.

Jerónimo Martins SGPS

Market Cap: €13.1b

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

Coloplast

Market Cap: DKK 98.1b

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

Bank Polska Kasa Opieki

Market Cap: zł55.9b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.