Mauritian Software Defensive Blue Chips

United Spirits

Market Cap: ₹1.1t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Hong Leong Bank Berhad

Market Cap: RM 45.7b

Operates as a financial services company in Malaysia and internationally.

BUA Foods

Market Cap: ₦15.2t

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

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

SD Guthrie Berhad

Market Cap: RM 45.4b

Operates as an integrated plantations company in Malaysia and internationally.

China Zheshang Bank

Market Cap: HK$87.1b

Provides corporate and retail banking services in Mainland China.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Bangkok Bank

Market Cap: ฿370.3b

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

Mowi

Market Cap: NOK 107.0b

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

BDO Unibank

Market Cap: ₱677.6b

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

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.

China Resources Microelectronics

Market Cap: CN¥74.5b

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.

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.

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.

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

Taiwan Mobile

Market Cap: NT$345.5b

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

Chongqing Rural Commercial Bank

Market Cap: HK$83.4b

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

Globus Medical

Market Cap: US$10.6b

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

Zhejiang Zheneng Electric Power

Market Cap: CN¥71.5b

Zhejiang Zheneng Electric Power Co., Ltd.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥71.3b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Quebecor

Market Cap: CA$14.9b

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

Busy Ming Group

Market Cap: HK$82.6b

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

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.

Kokusai Electric

Market Cap: JP¥1.7t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

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.

Discovery

Market Cap: R173.9b

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

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.

Kinsus Interconnect Technology

Market Cap: NT$336.7b

Engages in the manufacture and sale of electronic products in Taiwan and internationally.

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.