Nigerian Software Defensive Blue Chips

Arch Capital Group

Market Cap: US$35.2b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

M&T Bank

Market Cap: US$34.6b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Fresenius SE KGaA

Market Cap: €29.3b

A health care company, provides products and services for chronically ill patients.

Imperial Brands

Market Cap: UK£25.4b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$4.4b

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

Sompo Holdings

Market Cap: JP¥5.3t

Provides property and casualty insurance services in Japan and internationally.

Capitec Bank Holdings

Market Cap: R547.6b

Through its subsidiaries, provides various banking products and services in South Africa.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp578.3t

Provides various banking products and services in Indonesia and internationally.

Renesas Electronics

Market Cap: JP¥5.3t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Intact Financial

Market Cap: CA$46.5b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Bank Hapoalim B.M

Market Cap: ₪105.6b

Provides various banking and financial services in Israel and internationally.

Shinhan Financial Group

Market Cap: ₩48.4t

Provides financial products and services in South Korea and internationally.

Dollar General

Market Cap: US$33.2b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ121.6b

Provides banking products and services in the United Arab Emirates and internationally.

Talanx

Market Cap: €28.0b

Provides insurance and reinsurance products and services worldwide.

OTP Bank Nyrt

Market Cap: Ft10.6t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Archer-Daniels-Midland

Market Cap: US$32.7b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Seven & i Holdings

Market Cap: JP¥5.1t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥224.7b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Grupo Financiero Banorte. de

Market Cap: Mex$555.3b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Standard Bank Group

Market Cap: R518.1b

Provides financial products and services in South Africa and internationally.

Ørsted

Market Cap: DKK 204.8b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł114.3b

Provides various banking products and services in Poland and internationally.

Svenska Handelsbanken

Market Cap: SEK 288.1b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Swiss Life Holding

Market Cap: CHF 24.7b

Provides life, pensions, and financial solutions for private and corporate clients.

GigaDevice Semiconductor

Market Cap: CN¥217.8b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Banca Monte dei Paschi di Siena

Market Cap: €26.7b

Provides retail and commercial banking services in Italy.

New China Life Insurance

Market Cap: CN¥215.9b

Provides life insurance products and services to individuals and institutions in China.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥215.0b

Advanced Micro-Fabrication Equipment Inc.

Ping An Bank

Market Cap: CN¥211.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Power Grid Corporation of India

Market Cap: ₹2.8t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Power Corporation of Canada

Market Cap: CA$41.8b

An international management and holding company, provides financial services in North America, Europe, and Asia.

CEZ a. s

Market Cap: Kč627.5b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

Adani Power

Market Cap: ₹2.8t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.