Latvian Software Defensive Blue Chips

BUA Foods

Market Cap: ₦15.2t

Processes, manufactures, produces, and distributes food materials in Nigeria.

SD Guthrie Berhad

Market Cap: RM 45.4b

Operates as an integrated plantations company in Malaysia and internationally.

Industrial Bank of Korea

Market Cap: ₩16.1t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Beijing YanDong MicroElectronic

Market Cap: CN¥75.0b

Beijing YanDong MicroElectronic Co., Ltd.

Mowi

Market Cap: NOK 107.0b

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

Bangkok Bank

Market Cap: ฿370.3b

Provides various commercial banking products and services in Thailand and internationally.

Hong Leong Bank Berhad

Market Cap: RM 45.2b

Operates as a financial services company in Malaysia and internationally.

China Resources Microelectronics

Market Cap: CN¥74.4b

Engages in the manufacture and sale of semiconductors in China and internationally.

Marks and Spencer Group

Market Cap: UK£8.3b

Operates various retail stores.

Absa Group

Market Cap: R184.0b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

HANMI Semiconductor

Market Cap: ₩15.9t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Popular

Market Cap: US$10.9b

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.

BDO Unibank

Market Cap: ₱669.1b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥73.2b

Beijing E-Town Semiconductor Technology Co., Ltd.

Busy Ming Group

Market Cap: HK$84.5b

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

Zhejiang Zheneng Electric Power

Market Cap: CN¥72.7b

Zhejiang Zheneng Electric Power Co., Ltd.

Sanlam

Market Cap: R179.9b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Wintrust Financial

Market Cap: US$10.7b

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

UMB Financial

Market Cap: US$10.7b

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

Alpha Bank

Market Cap: €9.4b

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

Chongqing Rural Commercial Bank

Market Cap: HK$83.9b

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

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥72.3b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Globus Medical

Market Cap: US$10.6b

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

Taiwan Mobile

Market Cap: NT$344.0b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

Quebecor

Market Cap: CA$14.8b

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

Orkla

Market Cap: NOK 101.4b

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

Smithfield Foods

Market Cap: US$10.5b

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

Rambus

Market Cap: US$10.4b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, 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.

Discovery

Market Cap: R173.9b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Maplebear

Market Cap: US$10.4b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

CPFL Energia

Market Cap: R$53.0b

Through its subsidiaries, operates as an energy company in Brazil.

Phison Electronics

Market Cap: NT$334.9b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Old Republic International

Market Cap: US$10.3b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.