Kuwaiti Software Defensive Blue Chips

Quebecor

Market Cap: CA$15.5b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Arab National Bank

Market Cap: ر.س41.4b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Guangdong Haid Group

Market Cap: CN¥74.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Caixa Seguridade Participações

Market Cap: R$55.8b

Provides insurance products in Brazil and internationally.

Lotus Bakeries

Market Cap: €9.5b

Provides various snack products in Belgium and internationally.

Magnum Ice Cream

Market Cap: €9.5b

Engages in the ice cream business in the Netherlands.

WinWay Technology

Market Cap: NT$345.6b

Designs, processes, and sells optoelectronic product test fixtures, integrated circuit test interfaces, and fixtures and their components in Taiwan, the Americas, China, Asia, Europe, and Canada.

Globus Medical

Market Cap: US$10.9b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥73.8b

Engages in the research, development, design, and manufacturing of semiconductor test solution products.

King Yuan Electronics

Market Cap: NT$344.8b

Designs, manufactures, sells, tests, and assembles integrated circuits.

FormFactor

Market Cap: US$10.9b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Mowi

Market Cap: NOK 103.0b

A seafood company, produces and sells Atlantic salmon products worldwide.

Hong Leong Bank Berhad

Market Cap: RM 43.8b

Operates as a financial services company in Malaysia and internationally.

Baxter International

Market Cap: US$10.8b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Wintrust Financial

Market Cap: US$10.7b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Konfoong Materials International

Market Cap: CN¥72.4b

Konfoong Materials International Co., Ltd.

Menora Mivtachim Holdings

Market Cap: ₪31.3b

Operates in insurance and finance sectors in Israel.

Manila Electric

Market Cap: ₱647.0b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

TIM

Market Cap: R$53.8b

Engages in the telecommunications sector in Brazil.

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Alchip Technologies

Market Cap: NT$334.7b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

Tsingtao Brewery

Market Cap: CN¥71.3b

Engages in the manufacture and sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Smithfield Foods

Market Cap: US$10.5b

Produces various packaged meats and fresh pork products in the United States and internationally.

Busy Ming Group

Market Cap: HK$81.9b

Through its subsidiaries, operates as a food and beverage retailer in China.

Globalstar

Market Cap: US$10.5b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Molina Healthcare

Market Cap: US$10.4b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Ingenic SemiconductorLtd

Market Cap: CN¥70.3b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.

Popular

Market Cap: US$10.4b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Insulet

Market Cap: US$10.4b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Max Healthcare Institute

Market Cap: ₹985.1b

Provides medical and healthcare services in India.

Orkla

Market Cap: NOK 97.9b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Alpha Bank

Market Cap: €8.9b

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

UMB Financial

Market Cap: US$10.3b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.