Italian Software Defensive Blue Chips

Alimentation Couche-Tard

Market Cap: CA$72.3b

Operates and licenses convenience stores in North America, Europe, and Asia.

MetLife

Market Cap: US$52.7b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Infineon Technologies

Market Cap: €44.6b

Engages in the design, development, manufacture, and marketing of semiconductors and semiconductor-based solutions worldwide.

Allstate

Market Cap: US$52.3b

Provides property and casualty, and other insurance products in the United States and Canada.

Becton Dickinson

Market Cap: US$52.3b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Japan Tobacco

Market Cap: JP¥7.6t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Heineken

Market Cap: €43.9b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.

Nordea Bank Abp

Market Cap: €43.8b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Wal-Mart de México. de

Market Cap: Mex$953.6b

Owns and operates self-service stores in Mexico and Central America.

Danone

Market Cap: €43.5b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Federal National Mortgage Association

Market Cap: US$49.9b

Provides financing solutions for residential mortgages in the United States.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Kotak Mahindra Bank

Market Cap: ₹4.3t

Provides a range of banking and financial services to corporate and individual customers in India.

Target

Market Cap: US$48.8b

Operates as a general merchandise retailer in the United States.

E.ON

Market Cap: €41.3b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

United Overseas Bank

Market Cap: S$62.0b

Provides banking products and services worldwide.

People's Insurance Company (Group) of China

Market Cap: HK$380.7b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

BOC Hong Kong (Holdings)

Market Cap: HK$379.6b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Kroger

Market Cap: US$48.2b

Operates as a food and drug retailer in the United States.

Loblaw Companies

Market Cap: CA$64.6b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

China Pacific Insurance (Group)

Market Cap: CN¥335.3b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Veeva Systems

Market Cap: US$46.7b

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

Société Générale Société anonyme

Market Cap: €39.7b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق168.7b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

PICC Property and Casualty

Market Cap: HK$362.6b

Engages in property and casualty insurance business in People’s Republic of China.

American International Group

Market Cap: US$45.8b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

Alcon

Market Cap: CHF 36.4b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Coca-Cola Europacific Partners

Market Cap: €38.9b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

HOYA

Market Cap: JP¥6.7t

A med-tech company, provides high-tech and medical products worldwide.

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.8b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Edwards Lifesciences

Market Cap: US$45.2b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Holcim

Market Cap: CHF 35.8b

Provides building materials and solutions worldwide.

Emirates NBD Bank PJSC

Market Cap: د.إ163.9b

Provides corporate, institutional, retail, treasury, and Islamic banking services.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ163.7b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Hygon Information Technology

Market Cap: CN¥317.2b

Engages in the research and development of computing chip products and systems in China.

ACWA Power

Market Cap: ر.س166.1b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.