Nigerian Software Defensive Blue Chips

AST SpaceMobile

Market Cap: US$30.2b

Designs and develops the constellation of BlueBird satellites in the United States.

Atmos Energy

Market Cap: US$29.9b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

STMicroelectronics

Market Cap: €25.4b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Foshan Haitian Flavouring and Food

Market Cap: CN¥206.3b

Foshan Haitian Flavouring and Food Company Ltd.

Bank of Ningbo

Market Cap: CN¥206.0b

Provides various personal and business banking products and services in the People's Republic of China.

Banco do Brasil

Market Cap: R$154.1b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥205.2b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Veolia Environnement

Market Cap: €25.2b

Designs and provides water, waste, and energy management solutions.

Veeva Systems

Market Cap: US$29.6b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Hang Seng Bank

Market Cap: US$29.6b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Koninklijke Philips

Market Cap: €25.1b

Operates as a health technology company in North America, the Greater China, and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥202.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Montage Technology

Market Cap: CN¥201.2b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

China Unicom (Hong Kong)

Market Cap: HK$227.3b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Sampo Oyj

Market Cap: €24.6b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Gulf Development

Market Cap: ฿900.1b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Naturgy Energy Group

Market Cap: €24.5b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Kraft Heinz

Market Cap: US$28.9b

Manufactures and markets food and beverage products in North America and internationally.

Resona Holdings

Market Cap: JP¥4.5t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Willis Towers Watson

Market Cap: US$28.7b

Operates as an advisory, broking, and solutions company worldwide.

BPER Banca

Market Cap: €24.3b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Ajinomoto

Market Cap: JP¥4.4t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Bank Mandiri (Persero)

Market Cap: Rp477.9t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

ABN AMRO Bank

Market Cap: €23.9b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

DexCom

Market Cap: US$28.1b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Credicorp

Market Cap: US$27.8b

Provides various financial, insurance, and health services and products in Peru and internationally.

Citizens Financial Group

Market Cap: US$27.7b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Avenue Supermarts

Market Cap: ₹2.5t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

George Weston

Market Cap: CA$37.8b

Provides food and drug retailing, and financial services in Canada.

Bank of Jiangsu

Market Cap: CN¥190.7b

Provides various banking products and services in China.

China Everbright Bank

Market Cap: CN¥190.4b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Nestlé India

Market Cap: ₹2.5t

Engages in the manufacture and sale of food products in India and internationally.

Nanya Technology

Market Cap: NT$861.4b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك8.3b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

ON Semiconductor

Market Cap: US$27.2b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Samsung Life Insurance

Market Cap: ₩39.3t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.