Hong Kong Software Defensive Blue Chips

Intact Financial

Market Cap: CA$44.3b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Bank Hapoalim B.M

Market Cap: ₪102.2b

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

Sompo Holdings

Market Cap: JP¥5.2t

Provides property and casualty insurance services in Japan and internationally.

Dai-ichi Life Holdings

Market Cap: JP¥5.1t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Dollar General

Market Cap: US$31.9b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Japan Post Holdings

Market Cap: JP¥5.1t

Provides postal, banking, and insurance services in Japan.

Huntington Bancshares

Market Cap: US$31.7b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp537.6t

Provides various banking products and services in Indonesia and internationally.

Talanx

Market Cap: €27.4b

Provides insurance and reinsurance products and services worldwide.

Amrize

Market Cap: CHF 24.7b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥215.5b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Adani Power

Market Cap: ₹2.9t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Foshan Haitian Flavouring and Food

Market Cap: CN¥213.9b

Foshan Haitian Flavouring and Food Company Ltd.

Ping An Bank

Market Cap: CN¥212.3b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Veeva Systems

Market Cap: US$30.8b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Power Grid Corporation of India

Market Cap: ₹2.8t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Atmos Energy

Market Cap: US$30.5b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

China Unicom (Hong Kong)

Market Cap: HK$238.1b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Power Corporation of Canada

Market Cap: CA$41.4b

An international management and holding company, provides financial services in North America, Europe, and Asia.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥208.0b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

M&T Bank

Market Cap: US$30.2b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Bank of Ningbo

Market Cap: CN¥207.7b

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

Fresenius SE KGaA

Market Cap: €26.2b

A health care company, provides products and services for chronically ill patients.

CGN Power

Market Cap: HK$235.5b

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

Ørsted

Market Cap: DKK 193.9b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

CEZ a. s

Market Cap: Kč632.9b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

STMicroelectronics

Market Cap: €25.7b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Hang Seng Bank

Market Cap: US$29.6b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Renesas Electronics

Market Cap: JP¥4.7t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Seven & i Holdings

Market Cap: JP¥4.7t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Swiss Life Holding

Market Cap: CHF 23.1b

Provides life, pensions, and financial solutions for private and corporate clients.

Svenska Handelsbanken

Market Cap: SEK 273.7b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$521.7b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Shinhan Financial Group

Market Cap: ₩43.6t

Provides financial products and services in South Korea and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł107.5b

Provides various banking products and services in Poland and internationally.