Finnish Software Defensive Blue Chips

Constellation Brands

Market Cap: US$27.1b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

BNP Paribas Fortis

Market Cap: €22.9b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Woolworths Group

Market Cap: AU$38.2b

Operates retail stores in Australia and New Zealand.

W. R. Berkley

Market Cap: US$26.8b

An insurance holding company, operates as a commercial line writer worldwide.

Dollar Tree

Market Cap: US$26.7b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Aviva

Market Cap: UK£19.7b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Banco Santander (Brasil)

Market Cap: R$137.1b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

CGN Power

Market Cap: HK$207.0b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ96.5b

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

Markel Group

Market Cap: US$26.3b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Regions Financial

Market Cap: US$26.1b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

EnBW Energie Baden-Württemberg

Market Cap: €22.1b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

First Solar

Market Cap: US$26.0b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

GlobalFoundries

Market Cap: US$25.7b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

United Microelectronics

Market Cap: NT$804.4b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

China National Nuclear Power

Market Cap: CN¥175.2b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Snam

Market Cap: €21.5b

Engages in the operation of natural gas transport and storage infrastructure.

Cincinnati Financial

Market Cap: US$25.3b

Provides property casualty insurance products in the United States.

American Water Works Company

Market Cap: US$25.3b

Through its subsidiaries, provides water and wastewater services in the United States.

Telefônica Brasil

Market Cap: R$130.4b

Operates as a mobile telecommunications company in Brazil.

Public Bank Berhad

Market Cap: RM 98.1b

Provides banking products and services.

Hon. Precision

Market Cap: NT$791.7b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

China Tower

Market Cap: HK$195.8b

Provides telecommunication tower infrastructure services in the People's Republic of China.

CLP Holdings

Market Cap: HK$195.5b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Pernod Ricard

Market Cap: €21.1b

Produces and sells wines and spirits worldwide.

Telenor

Market Cap: NOK 237.3b

Operates as a telecommunication company worldwide.

Luzhou LaojiaoLtd

Market Cap: CN¥171.1b

Produces and sells alcoholic products in China and internationally.

Casey's General Stores

Market Cap: US$24.7b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.8t

Operates as a trust bank in Japan and internationally.

China Minsheng Banking

Market Cap: CN¥170.0b

Provides banking products and services in the People's Republic of China.

STERIS

Market Cap: US$24.6b

Provides infection prevention products and services worldwide.

Hua Hong Semiconductor

Market Cap: HK$191.7b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

KeyCorp

Market Cap: US$24.5b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

VERBUND

Market Cap: €20.6b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥168.1b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Hana Financial Group

Market Cap: ₩35.1t

Through its subsidiaries, provides financial services in South Korea.