Moroccan Software Defensive Blue Chips

MACOM Technology Solutions Holdings

Market Cap: US$18.3b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

JDE Peet's

Market Cap: €15.4b

Operates as a coffee and tea company worldwide.

CEMEX. de

Market Cap: Mex$310.2b

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

Mediobanca Banca di Credito Finanziario

Market Cap: €15.3b

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

Unipol Assicurazioni

Market Cap: €15.2b

Provides insurance products and services primarily in Italy.

JBS

Market Cap: US$17.9b

Operates as a protein and food company worldwide.

BE Semiconductor Industries

Market Cap: €15.2b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

E.SUN Financial Holding Company

Market Cap: NT$561.2b

Offers various financial banking products and services in Taiwan.

Bank of Baroda

Market Cap: ₹1.6t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Wilmar International

Market Cap: S$22.5b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Insulet

Market Cap: US$17.6b

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

Elia Group

Market Cap: €14.8b

Develops and operates as a transmission system operator in Belgium and Germany.

Winbond Electronics

Market Cap: NT$549.0b

Engages in the design, development, manufacture, and marketing of very large scale integration integrated circuits (ICs) for various microelectronic applications in Asia, the Americas, Europe, and internationally.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

Coloplast

Market Cap: DKK 110.1b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Airtel Africa

Market Cap: UK£12.8b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Bank of Hangzhou

Market Cap: CN¥118.1b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Santander Bank Polska

Market Cap: zł61.2b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Telecom Italia

Market Cap: €14.5b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

WH Group

Market Cap: HK$133.3b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Power Assets Holdings

Market Cap: HK$133.1b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥116.9b

China Three Gorges Renewables (Group) Co.,Ltd.

Banco Santander-Chile

Market Cap: CL$14.6t

Provides commercial and retail banking products and services in Chile.

Uniper

Market Cap: €14.4b

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

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ62.2b

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

Bank Polska Kasa Opieki

Market Cap: zł60.3b

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

Union Bank of India

Market Cap: ₹1.5t

Provides banking products and services in India.

Hologic

Market Cap: US$16.8b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Talen Energy

Market Cap: US$16.8b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Bank of Beijing

Market Cap: CN¥114.0b

Provides various banking services to individuals and corporates in China.

Punjab National Bank

Market Cap: ₹1.5t

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

Attijariwafa bank

Market Cap: د.م151.9b

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

Hua Nan Financial Holdings

Market Cap: NT$519.8b

Provides financial services in Taiwan and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: zł59.1b

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

Cooper Companies

Market Cap: US$16.5b

Develops, manufactures, and markets contact lens wearers.