Malawian Software Defensive Blue Chips

Boston Scientific

Market Cap: US$113.1b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

Comcast

Market Cap: US$112.9b

Operates as a media and technology company worldwide.

Enel

Market Cap: €95.1b

Operates as an integrated operator in electricity and gas industries worldwide.

AIA Group

Market Cap: HK$877.4b

Provides life insurance based financial services in Hong Kong.

ICICI Bank

Market Cap: ₹10.1t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

Altria Group

Market Cap: US$109.8b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

State Bank of India

Market Cap: ₹9.8t

Provides banking products and services in India and internationally.

Zurich Insurance Group

Market Cap: CHF 81.5b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Bank of Montreal

Market Cap: CA$137.8b

Engages in the provision of diversified financial services primarily in North America.

CVS Health

Market Cap: US$99.5b

Provides health solutions in the United States.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

Constellation Energy

Market Cap: US$94.7b

Produces and sells energy products and services in the United States.

PNC Financial Services Group

Market Cap: US$94.7b

Operates as a diversified financial services company in the United States.

Westpac Banking

Market Cap: AU$134.6b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

Bank of Nova Scotia

Market Cap: CA$128.9b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

U.S. Bancorp

Market Cap: US$94.3b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

AXA

Market Cap: €79.5b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

National Australia Bank

Market Cap: AU$132.7b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

CaixaBank

Market Cap: €76.2b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

Barclays

Market Cap: UK£66.1b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Marsh & McLennan Companies

Market Cap: US$89.7b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Canadian Imperial Bank of Commerce

Market Cap: CA$122.2b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Postal Savings Bank of China

Market Cap: HK$688.6b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ321.6b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

National Grid

Market Cap: UK£63.9b

Engages in the transmission and distribution of electricity and gas.

ING Groep

Market Cap: €73.4b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

MediaTek

Market Cap: NT$2.7t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

CRH

Market Cap: US$85.2b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Lloyds Banking Group

Market Cap: UK£62.0b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Semiconductor Manufacturing International

Market Cap: HK$659.4b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Nu Holdings

Market Cap: US$84.3b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Bank of Communications

Market Cap: HK$645.4b

Provides commercial banking products and services in China and internationally.

Hygon Information Technology

Market Cap: CN¥563.0b

Engages in the research and development of computing chip products and systems in China.

Monster Beverage

Market Cap: US$80.6b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €67.8b

Engages in the insurance and reinsurance businesses worldwide.

ANZ Group Holdings

Market Cap: AU$111.4b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.