Nigerian Software Defensive Blue Chips

Cigna Group

Market Cap: US$77.7b

Provides insurance and related products and services in the United States.

Engie

Market Cap: €65.1b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Mondelez International

Market Cap: US$76.7b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe.

Elevance Health

Market Cap: US$76.3b

Operates as a health benefits company in the United States.

Kioxia Holdings

Market Cap: JP¥11.7t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

Oversea-Chinese Banking

Market Cap: S$94.8b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

América Móvil. de

Market Cap: Mex$1.3t

Provides telecommunications services in Latin America and internationally.

China Telecom

Market Cap: HK$566.0b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Infineon Technologies

Market Cap: €60.2b

Develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.

Cencora

Market Cap: US$70.0b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Aon

Market Cap: US$69.8b

Operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific.

Nongfu Spring

Market Cap: HK$542.5b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Japan Tobacco

Market Cap: JP¥10.6t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Marvell Technology

Market Cap: US$68.9b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

CBZ Holdings

Market Cap: US$8.9b

Provides various banking and financial products and services to retail and corporate customers in Zimbabwe.

JAPAN POST BANK

Market Cap: JP¥10.6t

Provides financial products and services in Japan and internationally.

Cambricon Technologies

Market Cap: CN¥472.6b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

NatWest Group

Market Cap: UK£50.2b

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

Saudi National Bank

Market Cap: ر.س253.8b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Nordea Bank Abp

Market Cap: €57.1b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

SoftBank

Market Cap: JP¥10.2t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

KDDI

Market Cap: JP¥10.2t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Truist Financial

Market Cap: US$65.9b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Crédit Agricole

Market Cap: €55.4b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Barito Renewables Energy

Market Cap: Rp1100.3t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

Travelers Companies

Market Cap: US$64.4b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States, Canada, and internationally.

Société Générale Société anonyme

Market Cap: €54.4b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ233.1b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Assicurazioni Generali

Market Cap: €53.7b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Singapore Telecommunications

Market Cap: S$79.8b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ228.7b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Manulife Financial

Market Cap: CA$85.1b

Provides financial products and services in the United States, Canada, Asia, and internationally.

NXP Semiconductors

Market Cap: US$61.7b

Provides semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.6t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Sempra

Market Cap: US$60.7b

Operates as an energy infrastructure company in the United States and internationally.

Aflac

Market Cap: US$59.9b

Through its subsidiaries, provides supplemental health and life insurance products.