Icelandic Software Defensive Blue Chips

HANMI Semiconductor

Market Cap: ₩18.8t

Manufactures and sells semiconductor equipment in South Korea and internationally.

T&D Holdings

Market Cap: JP¥2.0t

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

Industrial Bank of Korea

Market Cap: ₩18.7t

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

Ooredoo Q.P.S.C

Market Cap: ر.ق46.7b

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

Piraeus Bank

Market Cap: €10.8b

Provides various banking products and services in Greece.

Suncorp Group

Market Cap: AU$18.0b

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

Saputo

Market Cap: CA$17.3b

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

Tata Consumer Products

Market Cap: ₹1.2t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

RenaissanceRe Holdings

Market Cap: US$12.7b

Provides reinsurance and insurance products in the United States and internationally.

Phison Electronics

Market Cap: NT$400.6b

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

Kirin Holdings Company

Market Cap: JP¥2.0t

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

BAWAG Group

Market Cap: €10.6b

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

Italgas

Market Cap: €10.6b

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

First Horizon

Market Cap: US$12.6b

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

ACM Research (Shanghai)

Market Cap: CN¥87.2b

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

BDO Unibank

Market Cap: ₱735.1b

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

Ryan Specialty Holdings

Market Cap: US$12.5b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Mowi

Market Cap: NOK 119.9b

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

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.

SinoPac Financial Holdings

Market Cap: NT$393.5b

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

Unum Group

Market Cap: US$12.4b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Technoprobe

Market Cap: €10.4b

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

Jinko Solar

Market Cap: CN¥85.4b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.

Orkla

Market Cap: NOK 118.3b

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.

IDBI Bank

Market Cap: ₹1.1t

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

Acciona

Market Cap: €10.3b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Assurant

Market Cap: US$12.2b

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

Severn Trent

Market Cap: UK£8.9b

Provides water and wastewater services in the United Kingdom.

Jiangsu Yanghe Distillery

Market Cap: CN¥83.8b

Offers liquors and wines.

Banque Cantonale Vaudoise

Market Cap: CHF 9.3b

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

JCET Group

Market Cap: CN¥83.7b

Provides integrated-circuit manufacturing and technology services in China and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥83.5b

Operates as a power generation company in China.

TIM

Market Cap: R$62.6b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Aegon

Market Cap: €10.1b

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

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥83.1b

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

KT&G

Market Cap: ₩17.5t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.