Spanish Software Defensive Blue Chips

China Jushi

Market Cap: CN¥87.1b

Engages in the manufacture and sale of fiberglass and related products in China and internationally.

BDO Unibank

Market Cap: ₱736.2b

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

mBank

Market Cap: zł44.8b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Kirin Holdings Company

Market Cap: JP¥2.0t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

HANMI Semiconductor

Market Cap: ₩18.4t

Manufactures and sells semiconductor equipment in South Korea and internationally.

First Horizon

Market Cap: US$12.5b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Industrial Bank of Korea

Market Cap: ₩18.3t

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

Ooredoo Q.P.S.C

Market Cap: ر.ق45.3b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Carrefour

Market Cap: €10.5b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

T&D Holdings

Market Cap: JP¥1.9t

Through its subsidiaries, provides insurance products and services in Japan.

Mowi

Market Cap: NOK 120.4b

A seafood company, produces and sells Atlantic salmon products worldwide.

ACM Research (Shanghai)

Market Cap: CN¥85.6b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Nova

Market Cap: US$12.3b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Italgas

Market Cap: €10.4b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

BAWAG Group

Market Cap: €10.4b

Operates as a holding company for BAWAG P.S.K.

IDBI Bank

Market Cap: ₹1.1t

Provides banking and financial solutions to retail and corporate customers in India.

Severn Trent

Market Cap: UK£9.0b

Provides water and wastewater services in the United Kingdom.

SinoPac Financial Holdings

Market Cap: NT$385.6b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

SCREEN Holdings

Market Cap: JP¥1.9t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥84.0b

Offers liquors and wines.

Assurant

Market Cap: US$12.1b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Orkla

Market Cap: NOK 116.9b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Pro Medicus

Market Cap: AU$17.2b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Shanghai Rural Commercial Bank

Market Cap: CN¥82.7b

Engages in commercial banking business in China.

Banque Cantonale Vaudoise

Market Cap: CHF 9.2b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Banque Saudi Fransi

Market Cap: ر.س44.6b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥82.2b

Operates as a power generation company in China.

Cochlear

Market Cap: AU$16.9b

Provides implantable hearing solutions for children and adults worldwide.

Suzhou Maxwell Technologies

Market Cap: CN¥81.9b

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

Taiwan Cooperative Financial Holding

Market Cap: NT$372.4b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Technoprobe

Market Cap: €9.9b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥81.4b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Aegon

Market Cap: €9.9b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Globus Medical

Market Cap: US$11.7b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Centrica

Market Cap: UK£8.6b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.