Moroccan Software Defensive Blue Chips

Magnum Ice Cream

Market Cap: €10.0b

Engages in ice cream business.

Centrica

Market Cap: UK£8.7b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

TIM

Market Cap: R$61.1b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

Globus Medical

Market Cap: US$11.7b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Globe Life

Market Cap: US$11.7b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Taiwan Cooperative Financial Holding

Market Cap: NT$370.9b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Chubu Electric Power Company

Market Cap: JP¥1.8t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Webster Financial

Market Cap: US$11.6b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

KT&G

Market Cap: ₩16.9t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Admiral Group

Market Cap: UK£8.5b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Manila Electric

Market Cap: ₱675.1b

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

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥80.0b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

HKT Trust and HKT

Market Cap: HK$90.0b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Pro Medicus

Market Cap: AU$16.5b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

iA Financial

Market Cap: CA$15.7b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Komercní banka

Market Cap: Kč235.1b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Arab National Bank

Market Cap: ر.س43.0b

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.

Japan Post Insurance

Market Cap: JP¥1.8t

Provides life insurance products and services in Japan.

Cochlear

Market Cap: AU$16.4b

Provides implantable hearing solutions for children and adults worldwide.

Ensign Group

Market Cap: US$11.4b

Provides skilled nursing, senior living, and rehabilitative services.

JCET Group

Market Cap: CN¥78.8b

Provides integrated-circuit manufacturing and technology services in China and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

China Taiping Insurance Holdings

Market Cap: HK$88.6b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫290.5t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Sejahteraraya Anugrahjaya

Market Cap: Rp192.0t

Provides medical services in Indonesia.

China Resources Beer (Holdings)

Market Cap: HK$88.3b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

China Resources Microelectronics

Market Cap: CN¥78.1b

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

Baxter International

Market Cap: US$11.2b

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

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

Lattice Semiconductor

Market Cap: US$11.1b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Almarai

Market Cap: ر.س41.7b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

China Zheshang Bank

Market Cap: HK$86.9b

Provides various commercial banking products and services in Mainland China.

CPFL Energia

Market Cap: R$57.9b

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

Yokohama Financial Group

Market Cap: JP¥1.7t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Amkor Technology

Market Cap: US$10.9b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

King Yuan Electronics

Market Cap: NT$346.6b

Engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits.