Nigerian Software Defensive Blue Chips

Santander Bank Polska

Market Cap: zł55.4b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Hua Xia Bank

Market Cap: CN¥108.7b

Provides commercial banking services in China and Hong Kong.

SDIC Power Holdings

Market Cap: CN¥107.2b

Engages in the electricity generation business in China.

bioMérieux

Market Cap: €12.9b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Metro

Market Cap: CA$21.0b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Canara Bank

Market Cap: ₹1.4t

Provides various banking products and services in India and internationally.

Eurobank

Market Cap: €12.9b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Bankinter

Market Cap: €12.8b

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

Power Assets Holdings

Market Cap: HK$116.8b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥105.4b

Operates as a power generation company in China.

Bank Polska Kasa Opieki

Market Cap: zł53.7b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Wilmar International

Market Cap: S$19.2b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Fidelity National Financial

Market Cap: US$14.9b

Provides various insurance products in the United States.

Jerónimo Martins SGPS

Market Cap: €12.6b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Gjensidige Forsikring

Market Cap: NOK 149.4b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Erie Indemnity

Market Cap: US$14.8b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

ASR Nederland

Market Cap: €12.5b

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

SCB X

Market Cap: ฿457.9b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Aier Eye Hospital Group

Market Cap: CN¥103.5b

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

WH Group

Market Cap: HK$114.4b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Shanghai United Imaging Healthcare

Market Cap: CN¥102.8b

Shanghai United Imaging Healthcare Co., Ltd.

Kasikornbank

Market Cap: ฿454.2b

Provides commercial banking products and services in Thailand and internationally.

Raiffeisen Bank International

Market Cap: €12.4b

Offers banking services to corporate, private, and institutional customers.

Banco Santander-Chile

Market Cap: CL$13.2t

Provides commercial and retail banking products and services in Chile.

Vodafone Idea

Market Cap: ₹1.3t

Provides mobile telecommunication services in India.

Kerry Group

Market Cap: €12.3b

Provides taste and nutrition solutions.

Grupo Financiero Inbursa. de

Market Cap: Mex$259.5b

Provides various financial products and services to individuals and businesses in Mexico.

Performance Food Group

Market Cap: US$14.4b

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

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$1.9b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Piotech

Market Cap: CN¥100.7b

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

Brookfield Wealth Solutions

Market Cap: US$14.2b

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

Universal Health Services

Market Cap: US$14.2b

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

National Bank of Greece

Market Cap: €12.1b

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

Coca-Cola Consolidated

Market Cap: US$14.2b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Hua Nan Financial Holdings

Market Cap: NT$445.3b

Provides financial services in Taiwan and internationally.