Latvian Software Defensive Blue Chips

Attijariwafa bank

Market Cap: د.م142.5b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

CEMEX. de

Market Cap: Mex$270.9b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

SCB X

Market Cap: ฿483.2b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

HDFC Life Insurance

Market Cap: ₹1.4t

Provides individual and group insurance solutions in India.

Varun Beverages

Market Cap: ₹1.4t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

Banco Santander-Chile

Market Cap: CL$13.7t

Provides commercial and retail banking products and services in Chile.

Mediobanca Banca di Credito Finanziario

Market Cap: €12.9b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Bank Polska Kasa Opieki

Market Cap: zł54.9b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Hua Nan Financial Holdings

Market Cap: NT$471.1b

Provides financial services in Taiwan and internationally.

Sonova Holding

Market Cap: CHF 11.5b

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.

Asahi Group Holdings

Market Cap: JP¥2.3t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 64.8b

Produces and supplies hydro, wind, and energy electricity in Romania.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق53.4b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Metro

Market Cap: CA$19.9b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Eurobank

Market Cap: €12.6b

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

Grupo Financiero Inbursa. de

Market Cap: Mex$259.6b

Provides various financial products and services to individuals and businesses in Mexico.

East West Bancorp

Market Cap: US$14.5b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Punjab National Bank

Market Cap: ₹1.3t

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

Shanghai United Imaging Healthcare

Market Cap: CN¥99.2b

Shanghai United Imaging Healthcare Co., Ltd.

Cooper Companies

Market Cap: US$14.4b

Develops, manufactures, and markets contact lens wearers.

Powszechny Zaklad Ubezpieczen

Market Cap: zł53.3b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Raiffeisen Bank International

Market Cap: €12.4b

Offers banking services to corporate, retail, and institutional customers.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ52.4b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Origin Energy

Market Cap: AU$20.0b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Tele2

Market Cap: SEK 131.9b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Smith & Nephew

Market Cap: UK£10.5b

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

Banco de Crédito e Inversiones

Market Cap: CL$12.9t

Provides various banking products and services in Chile, the United States, and Peru.

Tryg

Market Cap: DKK 90.7b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥96.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Brookfield Renewable

Market Cap: US$14.0b

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

Kasikornbank

Market Cap: ฿444.3b

Provides commercial banking products and services in Thailand and internationally.

Piotech

Market Cap: CN¥96.0b

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

Coca-Cola Consolidated

Market Cap: US$13.9b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Nova

Market Cap: US$13.9b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.