Kenyan Software Defensive Blue Chips

AIA Group

Market Cap: HK$883.2b

Provides life insurance based financial services in Hong Kong.

Mizuho Financial Group

Market Cap: JP¥17.8t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Bank of Montreal

Market Cap: CA$152.8b

Engages in the provision of diversified financial services primarily in North America.

Zurich Insurance Group

Market Cap: CHF 85.5b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Al Rajhi Banking and Investment

Market Cap: ر.س403.2b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

Canadian Imperial Bank of Commerce

Market Cap: CA$144.6b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Hygon Information Technology

Market Cap: CN¥712.1b

Engages in the research and development of processors, accelerators, and other computing chip products and systems in China.

Infineon Technologies

Market Cap: €88.5b

Develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.

Constellation Energy

Market Cap: US$101.6b

Produces and sells energy products and services in the United States.

Medtronic

Market Cap: US$100.3b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

Bank of Nova Scotia

Market Cap: CA$133.6b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

China Yangtze Power

Market Cap: CN¥652.3b

Engages in hydropower generation business in China, Portugal, Peru, Brazil, and Pakistan.

AXA

Market Cap: €82.4b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

Semiconductor Manufacturing International

Market Cap: HK$739.2b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

EssilorLuxottica Société anonyme

Market Cap: €80.6b

Designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

ICICI Bank

Market Cap: ₹8.9t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

CaixaBank

Market Cap: €79.0b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

State Bank of India

Market Cap: ₹8.8t

Provides banking products and services in India and internationally.

Tokio Marine Holdings

Market Cap: JP¥14.4t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

McKesson

Market Cap: US$90.7b

Provides healthcare services in the United States and internationally.

Comcast

Market Cap: US$88.9b

Operates as a media and technology company worldwide.

Westpac Banking

Market Cap: AU$123.9b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

HCA Healthcare

Market Cap: US$88.0b

Through its subsidiaries, provides health care services in the United States.

ING Groep

Market Cap: €75.0b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

PNC Financial Services Group

Market Cap: US$87.1b

Operates as a diversified financial services company in the United States.

Elevance Health

Market Cap: US$86.0b

Operates as a health benefits company in the United States.

National Grid

Market Cap: UK£63.6b

Engages in the transmission and distribution of electricity and gas.

Postal Savings Bank of China

Market Cap: HK$667.9b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Monster Beverage

Market Cap: US$85.0b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

U.S. Bancorp

Market Cap: US$84.6b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Boston Scientific

Market Cap: US$84.2b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

Bank of Communications

Market Cap: HK$659.4b

Provides commercial banking products and services in China and internationally.

China Telecom

Market Cap: HK$643.6b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

National Australia Bank

Market Cap: AU$115.3b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

Oversea-Chinese Banking

Market Cap: S$104.7b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.