Malawian Software Defensive Blue Chips

ASR Nederland

Market Cap: €11.8b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Phoenix Financial

Market Cap: ₪42.5b

Provides multi-line insurance products in Israel.

Bankinter

Market Cap: €11.8b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Brookfield Renewable

Market Cap: US$13.6b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Banco Comercial Português

Market Cap: €11.8b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Aier Eye Hospital Group

Market Cap: CN¥94.0b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

China Jushi

Market Cap: CN¥93.9b

Engages in the manufacture and sale of fiberglass and related products in China and internationally.

Piotech

Market Cap: CN¥93.7b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Sonova Holding

Market Cap: CHF 10.7b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Samsung Fire & Marine Insurance

Market Cap: ₩20.1t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Punjab National Bank

Market Cap: ₹1.3t

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

Banque Cantonale Vaudoise

Market Cap: CHF 10.6b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Israel Discount Bank

Market Cap: ₪41.6b

Provides various banking and financial services in Israel, Europe, and North America.

Kasikornbank

Market Cap: ฿439.6b

Provides commercial banking products and services in Thailand and internationally.

Reinsurance Group of America

Market Cap: US$13.3b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Performance Food Group

Market Cap: US$13.3b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Etihad Etisalat

Market Cap: ر.س49.9b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

ageas

Market Cap: €11.5b

Engages in insurance business.

Penumbra

Market Cap: US$13.3b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Admiral Group

Market Cap: UK£9.9b

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

Guangdong Haid Group

Market Cap: CN¥91.0b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Helvetia Baloise Holding

Market Cap: CHF 10.4b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Federal Home Loan Mortgage

Market Cap: US$13.1b

Operates in the secondary mortgage market in the United States.

National Bank of Greece

Market Cap: €11.3b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Mapfre

Market Cap: €11.3b

Engages in insurance, reinsurance, and financial activities in Spain.

FinecoBank Banca Fineco

Market Cap: €11.3b

Provides banking, credit, trading and investment services in Italy.

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Fidelity National Financial

Market Cap: US$12.9b

Provides various insurance products in the United States.

Everest Group

Market Cap: US$12.9b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

First Financial Holding

Market Cap: NT$411.3b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Lattice Semiconductor

Market Cap: US$12.9b

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

Brookfield Wealth Solutions

Market Cap: US$12.9b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

BB Seguridade Participações

Market Cap: R$67.0b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Fisher & Paykel Healthcare

Market Cap: NZ$21.9b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺567.4b

Provides various banking products and services in Turkey.