Kenyan Software Defensive Blue Chips

National Bank of Canada

Market Cap: CA$80.9b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Saudi Telecom

Market Cap: ر.س219.8b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Société Générale Société anonyme

Market Cap: €49.9b

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

Allstate

Market Cap: US$57.1b

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

Standard Chartered

Market Cap: UK£42.4b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

STMicroelectronics

Market Cap: €49.0b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Orange

Market Cap: €48.7b

Operates as a telecommunications operator in France and internationally.

E.ON

Market Cap: €48.4b

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

Target

Market Cap: US$55.6b

Operates as a general merchandise retailer in the United States.

Wal-Mart de México. de

Market Cap: Mex$954.6b

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

HOYA

Market Cap: JP¥8.8t

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

Industrial Bank

Market Cap: CN¥369.5b

Provides banking products and services in the People’s Republic of China.

Teradyne

Market Cap: US$53.9b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Life Insurance Corporation of India

Market Cap: ₹5.1t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

MetLife

Market Cap: US$53.1b

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

Alimentation Couche-Tard

Market Cap: CA$73.1b

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

FBC Holdings

Market Cap: US$6.8b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Arthur J. Gallagher

Market Cap: US$52.3b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Loblaw Companies

Market Cap: CA$71.5b

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.

Cencora

Market Cap: US$51.5b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

SJ Semiconductor

Market Cap: CN¥350.1b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Great-West Lifeco

Market Cap: CA$70.7b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Entergy

Market Cap: US$51.3b

Engages in the production and retail distribution of electricity in the United States.

Astera Labs

Market Cap: US$51.1b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Ambev

Market Cap: R$255.4b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Holcim

Market Cap: CHF 40.0b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ186.9b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Microchip Technology

Market Cap: US$50.9b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

KBC Group

Market Cap: €43.8b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Montage Technology

Market Cap: CN¥339.3b

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

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.

GigaDevice Semiconductor

Market Cap: CN¥335.2b

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

ASM International

Market Cap: €42.3b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

United Overseas Bank

Market Cap: S$62.3b

Provides banking products and services worldwide.

Vistra

Market Cap: US$48.6b

Operates as an integrated retail electricity and power generation company in the United States.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.9b

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