Finnish Software Defensive Blue Chips

CPFL Energia

Market Cap: R$62.9b

Through its subsidiaries, operates as an energy company in Brazil.

Globus Medical

Market Cap: US$12.6b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Onto Innovation

Market Cap: US$12.6b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

Technoprobe

Market Cap: €10.6b

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

China Resources Power Holdings

Market Cap: HK$97.3b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Indus Towers

Market Cap: ₹1.2t

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

Suncorp Group

Market Cap: AU$17.4b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

T&D Holdings

Market Cap: JP¥2.0t

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

Piraeus Bank

Market Cap: €10.4b

Provides various banking products and services in Greece, Europe, and internationally.

Insurance Australia Group

Market Cap: AU$17.2b

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

Rambus

Market Cap: US$12.2b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Industrial Bank of Korea

Market Cap: ₩17.9t

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

Phison Electronics

Market Cap: NT$383.6b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

James Hardie Industries

Market Cap: AU$17.0b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

BJ's Wholesale Club Holdings

Market Cap: US$12.1b

Operates membership warehouse clubs on the eastern half of the United States.

Saputo

Market Cap: CA$16.6b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

OPC Energy

Market Cap: ₪36.0b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

HKT Trust and HKT

Market Cap: HK$93.2b

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.

Caixa Seguridade Participações

Market Cap: R$59.4b

Provides insurance products in Brazil and internationally.

Mowi

Market Cap: NOK 112.2b

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

Arab National Bank

Market Cap: ر.س44.5b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$374.8b

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

Great Eastern Holdings

Market Cap: S$15.0b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Chongqing Rural Commercial Bank

Market Cap: HK$92.4b

Provides banking and related financial services in the People’s Republic of China.

Mashreqbank PSC

Market Cap: د.إ43.3b

Provides various banking and financial services to individuals and corporates.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.9b

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

SiTime

Market Cap: US$11.8b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Guangdong Haid Group

Market Cap: CN¥80.0b

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

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Ensign Group

Market Cap: US$11.7b

Provides skilled nursing, senior living, and rehabilitative services.

King Yuan Electronics

Market Cap: NT$368.0b

Designs, manufactures, sells, tests, and assembles integrated circuits.

JCET Group

Market Cap: CN¥79.3b

Provides integrated-circuit back-end and technology services in China, South Korea, the United States, and internationally.

Webster Financial

Market Cap: US$11.6b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Manila Electric

Market Cap: ₱695.4b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

First Horizon

Market Cap: US$11.6b

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