Kenyan Software Defensive Blue Chips

Smith & Nephew

Market Cap: UK£10.3b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Kasikornbank

Market Cap: ฿451.4b

Provides commercial banking products and services in Thailand and internationally.

ASPEED Technology

Market Cap: NT$436.6b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Eurobank

Market Cap: €11.8b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Etihad Etisalat

Market Cap: ر.س51.1b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

ageas

Market Cap: €11.7b

Engages in insurance business.

Winbond Electronics

Market Cap: NT$432.0b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Brookfield Renewable

Market Cap: US$13.5b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Banque Cantonale Vaudoise

Market Cap: CHF 10.7b

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

FinecoBank Banca Fineco

Market Cap: €11.7b

Provides banking, credit, trading and investment services in Italy.

Helvetia Baloise Holding

Market Cap: CHF 10.7b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Performance Food Group

Market Cap: US$13.5b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Punjab National Bank

Market Cap: ₹1.3t

Provides various banking and financial products and services in India and internationally.

Reinsurance Group of America

Market Cap: US$13.4b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Mapfre

Market Cap: €11.6b

Engages in insurance, reinsurance, and financial activities in Spain.

Gjensidige Forsikring

Market Cap: NOK 129.1b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Shanghai United Imaging Healthcare

Market Cap: CN¥91.6b

Shanghai United Imaging Healthcare Co., Ltd.

Penumbra

Market Cap: US$13.2b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥91.1b

Operates as a power generation company in China.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Everest Group

Market Cap: US$13.1b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Banque Saudi Fransi

Market Cap: ر.س49.0b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Sonova Holding

Market Cap: CHF 10.2b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

First Financial Holding

Market Cap: NT$412.0b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

National Bank of Greece

Market Cap: €11.2b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Millicom International Cellular

Market Cap: US$12.9b

Engages in the provision cable and mobile services in Latin America.

Align Technology

Market Cap: US$12.9b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

BB Seguridade Participações

Market Cap: R$66.9b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Israel Discount Bank

Market Cap: ₪40.0b

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

Brookfield Wealth Solutions

Market Cap: US$12.8b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Pinnacle Financial Partners

Market Cap: US$12.8b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

China Resources Power Holdings

Market Cap: HK$99.7b

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

Admiral Group

Market Cap: UK£9.5b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

African Distillers

Market Cap: US$1.6b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

BJ's Wholesale Club Holdings

Market Cap: US$12.7b

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