Hong Kong Software Defensive Blue Chips

Bank of Jiangsu

Market Cap: CN¥197.3b

Provides various banking products and services in China.

Standard Bank Group

Market Cap: R479.3b

Provides financial products and services in South Africa and internationally.

GigaDevice Semiconductor

Market Cap: CN¥196.3b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Huaneng Lancang River Hydropower

Market Cap: CN¥195.4b

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

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥195.3b

Advanced Micro-Fabrication Equipment Inc.

New China Life Insurance

Market Cap: CN¥194.4b

Provides life insurance products and services to individuals and institutions in China.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥194.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Sampo Oyj

Market Cap: €24.6b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Renesas Electronics

Market Cap: JP¥4.5t

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

Veolia Environnement

Market Cap: €24.3b

Designs and provides water, waste, and energy management solutions.

China Everbright Bank

Market Cap: CN¥190.8b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

China National Nuclear Power

Market Cap: CN¥190.0b

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

OTP Bank Nyrt

Market Cap: Ft9.4t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Willis Towers Watson

Market Cap: US$27.4b

Operates as an advisory, broking, and solutions company worldwide.

Kraft Heinz

Market Cap: US$27.4b

Manufactures and markets food and beverage products in North America and internationally.

BT Group

Market Cap: UK£20.6b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

BNP Paribas Fortis

Market Cap: €23.7b

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

Avenue Supermarts

Market Cap: ₹2.5t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Koninklijke Philips

Market Cap: €23.4b

Operates as a health technology company in North America, the Greater China, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك8.2b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Credicorp

Market Cap: US$26.8b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Naturgy Energy Group

Market Cap: €23.2b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

George Weston

Market Cap: CA$36.2b

Provides food and drug retailing, and financial services in Canada.

Ajinomoto

Market Cap: JP¥4.2t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ97.3b

Provides banking products and services in the United Arab Emirates and internationally.

Banco do Brasil

Market Cap: R$138.3b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

American Water Works Company

Market Cap: US$26.2b

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

Bank Mandiri (Persero)

Market Cap: Rp442.9t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

VERBUND

Market Cap: €22.8b

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.

Gulf Development

Market Cap: ฿840.4b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Constellation Brands

Market Cap: US$26.0b

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

Samsung Life Insurance

Market Cap: ₩38.8t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

ABN AMRO Bank

Market Cap: €22.6b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Montage Technology

Market Cap: CN¥178.1b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

China Tower

Market Cap: HK$200.7b

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

EnBW Energie Baden-Württemberg

Market Cap: €22.3b

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