Portuguese Software Defensive Blue Chips

Jerónimo Martins SGPS

Market Cap: €12.7b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Uniper

Market Cap: €12.7b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Uni-President Enterprises

Market Cap: NT$454.0b

Produces and sells food products in Taiwan and internationally.

Everest Group

Market Cap: US$14.6b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥104.3b

Offers liquors and wines.

Grupo Financiero Inbursa. de

Market Cap: Mex$269.8b

Provides various financial products and services to individuals and businesses in Mexico.

Metro

Market Cap: CA$20.3b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Tata Power

Market Cap: ₹1.3t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Grupo Cibest

Market Cap: Col$55.6t

Provides banking products and services in Colombia and internationally.

Wilmar International

Market Cap: S$18.7b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Grupo Bimbo. de

Market Cap: Mex$264.7b

Produces, distributes, and markets bakery products.

JBS

Market Cap: US$14.3b

Operates as a protein and food company worldwide.

Eurobank Ergasias Services and Holdings

Market Cap: €12.3b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Mapfre

Market Cap: €12.2b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Santander Bank Polska

Market Cap: zł51.6b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

East West Bancorp

Market Cap: US$14.1b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Olympus

Market Cap: JP¥2.1t

Manufactures and sells precision machineries and instruments worldwide.

Ryan Specialty Holdings

Market Cap: US$14.0b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Origin Energy

Market Cap: AU$21.5b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Brookfield Wealth Solutions

Market Cap: US$13.9b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Suncorp Group

Market Cap: AU$21.2b

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

Etihad Etisalat

Market Cap: ر.س51.8b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Budweiser Brewing Company APAC

Market Cap: HK$107.2b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

ASR Nederland

Market Cap: €11.9b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

SCB X

Market Cap: ฿449.5b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Bank Polska Kasa Opieki

Market Cap: zł50.2b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Power Assets Holdings

Market Cap: HK$106.7b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

FinecoBank Banca Fineco

Market Cap: €11.7b

Provides banking, credit, trading and investment services in Italy.

Powszechny Zaklad Ubezpieczen

Market Cap: zł49.5b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

CEMEX. de

Market Cap: Mex$249.7b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

First Financial Holding

Market Cap: NT$417.7b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Elia Group

Market Cap: €11.6b

Develops and operates as a transmission system operator in Belgium and Germany.

BE Semiconductor Industries

Market Cap: €11.6b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Hua Nan Financial Holdings

Market Cap: NT$415.4b

Provides financial services in Taiwan and internationally.

Guangdong Haid Group

Market Cap: CN¥95.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.