Nigerian Software Defensive Blue Chips

Smith & Nephew

Market Cap: UK£10.4b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Olympus

Market Cap: JP¥2.2t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Helvetia Baloise Holding

Market Cap: CHF 11.1b

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

Samsung Fire & Marine Insurance

Market Cap: ₩20.8t

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

Ryan Specialty Holdings

Market Cap: US$13.9b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Uni-President Enterprises

Market Cap: NT$439.2b

Produces and sells food products in Taiwan and internationally.

Mashreqbank PSC

Market Cap: د.إ51.2b

Provides various banking and financial services to individuals and corporates.

Brookfield Wealth Solutions

Market Cap: US$13.9b

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

Woori Financial Group

Market Cap: ₩20.6t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Everest Group

Market Cap: US$13.9b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Mora Telematika Indonesia

Market Cap: Rp231.7t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Elia Group

Market Cap: €11.7b

Develops and operates as a transmission system operator in Belgium and Germany.

Fresenius Medical Care

Market Cap: €11.6b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Telecom Italia

Market Cap: €11.6b

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

Tokyo GasLtd

Market Cap: JP¥2.1t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Etihad Etisalat

Market Cap: ر.س50.8b

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

First Financial Holding

Market Cap: NT$426.4b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Reinsurance Group of America

Market Cap: US$13.5b

Provides reinsurance and financial solutions.

Banco de Crédito e Inversiones

Market Cap: CL$12.3t

Provides various banking products and services in Chile, United States, and Peru.

Osaka Gas

Market Cap: JP¥2.1t

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

ageas

Market Cap: €11.4b

Engages in insurance business.

Zegona Communications

Market Cap: UK£9.9b

Provides integrated telecommunications services in Spain.

Budweiser Brewing Company APAC

Market Cap: HK$104.0b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Tower Semiconductor

Market Cap: US$13.4b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Jiangsu Yanghe Distillery

Market Cap: CN¥93.6b

Offers liquors and wines.

Xi'an ESWIN Material Technology

Market Cap: CN¥93.5b

Xi'an ESWIN Material Technology Co., Ltd.

Unum Group

Market Cap: US$13.3b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥93.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Brown-Forman

Market Cap: US$13.2b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Tata Consumer Products

Market Cap: ₹1.2t

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

MACOM Technology Solutions Holdings

Market Cap: US$13.1b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Admiral Group

Market Cap: UK£9.7b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 56.2b

Produces and supplies hydro, wind, and energy electricity in Romania.

Origin Energy

Market Cap: AU$19.5b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Hormel Foods

Market Cap: US$13.0b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.