Peruvian Software Defensive Blue Chips

MTN Nigeria Communications

Market Cap: ₦15.7t

Provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria.

Manila Electric

Market Cap: ₱677.4b

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

ASPEED Technology

Market Cap: NT$367.6b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫299.8t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Admiral Group

Market Cap: UK£8.6b

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

Webster Financial

Market Cap: US$11.6b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Globe Life

Market Cap: US$11.6b

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

Suncorp Group

Market Cap: AU$16.4b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Amkor Technology

Market Cap: US$11.6b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Japan Post Insurance

Market Cap: JP¥1.8t

Provides life insurance products and services in Japan.

China Resources Microelectronics

Market Cap: CN¥79.3b

Engages in the manufacture and sale of semiconductors in China and internationally.

Suzhou Maxwell Technologies

Market Cap: CN¥79.2b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Marico

Market Cap: ₹1.0t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Sejahteraraya Anugrahjaya

Market Cap: Rp192.9t

Provides medical services in Indonesia.

Almarai

Market Cap: ر.س42.7b

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

Insurance Australia Group

Market Cap: AU$16.1b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

BUA Foods

Market Cap: ₦15.2t

Processes, manufactures, produces, and distributes food materials in Nigeria.

iA Financial

Market Cap: CA$15.5b

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

Celsius Holdings

Market Cap: US$11.3b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Zimre Holdings

Market Cap: US$1.5b

Provides insurance, reinsurance, reassurance, and property management and development services in Zimbabwe, Botswana, Malawi, Mozambique, and Zambia.

China Taiping Insurance Holdings

Market Cap: HK$88.1b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

BIWIN Storage Technology

Market Cap: CN¥77.5b

Researches, develops, designs, packs, tests, produces, and sells semiconductor memory.

Sanan OptoelectronicsLtd

Market Cap: CN¥77.4b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

China Zheshang Bank

Market Cap: HK$87.6b

Provides various commercial banking products and services in Mainland China.

Arab National Bank

Market Cap: ر.س42.0b

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.

CPFL Energia

Market Cap: R$58.5b

Through its subsidiaries, operates as an energy company in Brazil.

United Spirits

Market Cap: ₹1.0t

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

Rockchip Electronics

Market Cap: CN¥76.9b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Assurant

Market Cap: US$11.1b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Millicom International Cellular

Market Cap: US$11.1b

Provides cable and mobile services in Latin America.

Türkiye Is Bankasi

Market Cap: ₺483.5b

Provides various banking products and services in Turkey.

China Resources Beer (Holdings)

Market Cap: HK$86.2b

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

Encompass Health

Market Cap: US$11.0b

Provides post-acute healthcare services in the United States and Puerto Rico.

Bangkok Dusit Medical Services

Market Cap: ฿344.9b

Operates hospitals in Thailand and internationally.