Pakistani Software Defensive Blue Chips

BOC Hong Kong (Holdings)

Market Cap: HK$438.1b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Arthur J. Gallagher

Market Cap: US$55.6b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Société Générale Société anonyme

Market Cap: €47.4b

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

Aflac

Market Cap: US$54.7b

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

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ199.5b

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

Monolithic Power Systems

Market Cap: US$54.1b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

Allstate

Market Cap: US$53.8b

Provides property and casualty, and other insurance products in the United States and Canada.

Orange

Market Cap: €45.7b

Operates as a telecommunications operator in France and internationally.

Loblaw Companies

Market Cap: CA$73.1b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Life Insurance Corporation of India

Market Cap: ₹4.9t

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

Target

Market Cap: US$52.5b

Operates as a general merchandise retailer in the United States.

Alimentation Couche-Tard

Market Cap: CA$71.6b

Operates and licenses convenience stores in North America, Europe, and Asia.

Emirates NBD Bank PJSC

Market Cap: د.إ189.5b

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

National Bank of Canada

Market Cap: CA$69.3b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Danone

Market Cap: €43.4b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Teradyne

Market Cap: US$50.1b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Bank Central Asia

Market Cap: Rp848.8t

Provides commercial banking and other financial services.

NXP Semiconductors

Market Cap: US$49.9b

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

China Pacific Insurance (Group)

Market Cap: CN¥342.4b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

NAURA Technology Group

Market Cap: CN¥336.5b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Shanghai Pudong Development Bank

Market Cap: CN¥336.4b

Shanghai Pudong Development Bank Co., Ltd.

Cardinal Health

Market Cap: US$48.8b

Operates as a healthcare services and products company in the United States and internationally.

KBC Group

Market Cap: €41.8b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

People's Insurance Company (Group) of China

Market Cap: HK$377.7b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

ASE Technology Holding

Market Cap: NT$1.5t

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Standard Chartered

Market Cap: UK£36.0b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Swiss Re

Market Cap: CHF 38.0b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Siemens Healthineers

Market Cap: €41.3b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Edwards Lifesciences

Market Cap: US$47.4b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

United Overseas Bank

Market Cap: S$60.5b

Provides banking products and services worldwide.

FBC Holdings

Market Cap: US$6.1b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

RWE

Market Cap: €40.4b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Holcim

Market Cap: CHF 36.8b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Disco

Market Cap: JP¥7.4t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ168.7b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.