Nigerian Software Defensive Blue Chips

Acciona

Market Cap: €10.1b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Carrefour

Market Cap: €10.1b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

James Hardie Industries

Market Cap: AU$17.7b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Max Healthcare Institute

Market Cap: ₹1.0t

Provides medical and healthcare services in India.

iA Financial

Market Cap: CA$16.1b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Absa Group

Market Cap: R195.2b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Globus Medical

Market Cap: US$11.7b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Phoenix Financial

Market Cap: ₪37.3b

Provides multi-line insurance products in Israel.

Aegon

Market Cap: €9.9b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Almarai

Market Cap: ر.س43.5b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.2b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Arab National Bank

Market Cap: ر.س43.3b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Industrial Bank of Korea

Market Cap: ₩17.0t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

American Financial Group

Market Cap: US$11.5b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Tele2

Market Cap: SEK 105.3b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

HKT Trust and HKT

Market Cap: HK$88.6b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

BAWAG Group

Market Cap: €9.7b

Operates as a holding company for BAWAG P.S.K.

T&D Holdings

Market Cap: JP¥1.8t

Through its subsidiaries, provides insurance products and services in Japan.

Cochlear

Market Cap: AU$17.1b

Provides implantable hearing solutions for children and adults worldwide.

Align Technology

Market Cap: US$11.3b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

Chubu Electric Power Company

Market Cap: JP¥1.8t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

United Spirits

Market Cap: ₹1.0t

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

China Resources Beer (Holdings)

Market Cap: HK$87.9b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Comerica

Market Cap: US$11.3b

Provides financial services in the United States, Canada, and Mexico.

China Zheshang Bank

Market Cap: HK$87.7b

Provides various commercial banking products and services in Mainland China.

BKW

Market Cap: CHF 8.9b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Manila Electric

Market Cap: ₱659.3b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Hong Leong Bank Berhad

Market Cap: RM 45.6b

Operates as a financial services company in Malaysia and internationally.

Banque Saudi Fransi

Market Cap: ر.س41.8b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Dino Polska

Market Cap: zł40.0b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Buzzi

Market Cap: €9.5b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

Globe Life

Market Cap: US$11.1b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Severn Trent

Market Cap: UK£8.3b

Provides water and wastewater services in the United Kingdom.

Old Republic International

Market Cap: US$11.1b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.