Kuwaiti Software Defensive Blue Chips

George Weston

Market Cap: CA$39.1b

Provides food and drug retailing, and financial services in Canada.

Sampo Oyj

Market Cap: €23.9b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

China Everbright Bank

Market Cap: CN¥187.3b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

BT Group

Market Cap: UK£20.6b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Huaneng Lancang River Hydropower

Market Cap: CN¥183.7b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥182.7b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

PPL

Market Cap: US$27.0b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.5b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Piotech

Market Cap: CN¥181.6b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

W. R. Berkley

Market Cap: US$26.6b

An insurance holding company, operates as a commercial line writer worldwide.

Cincinnati Financial

Market Cap: US$26.1b

Provides property casualty insurance products in the United States.

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.2t

Operates as a trust bank in Japan and internationally.

Veeva Systems

Market Cap: US$25.9b

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

New China Life Insurance

Market Cap: CN¥174.2b

Provides life insurance products and services to individuals and institutions in China.

QNB Bank

Market Cap: ₺1.2t

Provides various banking and financial services in Turkey.

Yuanjie Semiconductor Technology

Market Cap: CN¥173.7b

Yuanjie Semiconductor Technology Co., Ltd.

Telefónica

Market Cap: €22.2b

Provides telecommunications services in Spain, Brazil, Germany, and the United Kingdom.

MTN Group

Market Cap: R412.5b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Constellation Brands

Market Cap: US$25.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

QBE Insurance Group

Market Cap: AU$35.9b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

AIB Group

Market Cap: €21.9b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Helvetia Baloise Holding

Market Cap: CHF 20.2b

Engages in life and non-life insurance, and reinsurance business.

Dollar General

Market Cap: US$25.3b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Aviva

Market Cap: UK£18.8b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Banco BPM

Market Cap: €21.7b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Koninklijke Philips

Market Cap: €21.7b

Operates as a health technology company in North America, the Greater China, and internationally.

Regions Financial

Market Cap: US$25.0b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Snam

Market Cap: €21.6b

Engages in the operation of natural gas transport and storage infrastructure.

BNP Paribas Fortis

Market Cap: €21.5b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك7.7b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Willis Towers Watson

Market Cap: US$24.8b

Operates as an advisory, broking, and solutions company worldwide.

Technoprobe

Market Cap: €21.3b

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

EnBW Energie Baden-Württemberg

Market Cap: €21.3b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Bunge Global

Market Cap: US$24.7b

Operates as an agribusiness and food company worldwide.

American Water Works Company

Market Cap: US$24.7b

Through its subsidiaries, provides water and wastewater services in the United States.