Mauritian Software Defensive Blue Chips

Bangkok Dusit Medical Services

Market Cap: ฿356.0b

Operates hospitals in Thailand and internationally.

Bank of Chengdu

Market Cap: CN¥78.9b

Provides various commercial banking products and services in China.

IDBI Bank

Market Cap: ₹963.3b

Provides banking and financial solutions to retail and corporate customers in India.

Giga Device Semiconductor

Market Cap: CN¥78.5b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Banco Santander-Chile

Market Cap: CL$10.6t

Provides commercial and retail banking products and services in Chile.

Doximity

Market Cap: US$10.9b

Operates as a digital platform for medical professionals in the United States.

Adani Energy Solutions

Market Cap: ₹950.3b

Generates, transmits, and distributes power in India.

Tsingtao Brewery

Market Cap: HK$85.0b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Telecom Italia

Market Cap: €9.3b

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

Taiwan Mobile

Market Cap: NT$323.6b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Acciona

Market Cap: €9.3b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Albertsons Companies

Market Cap: US$10.8b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

Osaka Gas

Market Cap: JP¥1.6t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Bajaj Housing Finance

Market Cap: ₹944.1b

Provides housing finance services in India.

Huadong Medicine

Market Cap: CN¥77.0b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Orkla

Market Cap: NOK 108.8b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

ICICI Lombard General Insurance

Market Cap: ₹936.5b

Provides various general insurance products and services in India.

Centrica

Market Cap: UK£8.0b

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

Sembcorp Industries

Market Cap: S$13.7b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

KT&G

Market Cap: ₩14.7t

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

Universal Health Services

Market Cap: US$10.6b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

United Spirits

Market Cap: ₹928.9b

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Marico

Market Cap: ₹928.5b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

BE Semiconductor Industries

Market Cap: €9.1b

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

Chongqing Rural Commercial Bank

Market Cap: HK$83.1b

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

Sysmex

Market Cap: JP¥1.6t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥75.8b

Engages in the clean energy business in China.

Celcomdigi Berhad

Market Cap: RM 44.6b

An investment holding company, provides mobile communication services and related products in Malaysia.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫277.3t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Waaree Energies

Market Cap: ₹924.6b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Redeia Corporación

Market Cap: €9.0b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

mBank

Market Cap: zł38.4b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

China Resources Beer (Holdings)

Market Cap: HK$81.9b

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

Türkiye Is Bankasi

Market Cap: ₺424.0b

Provides various banking products and services in Turkey.

Enel Américas

Market Cap: CL$10.2t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Bank Albilad

Market Cap: ر.س39.0b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.