Qatari Software Defensive Blue Chips

ASR Nederland

Market Cap: €12.4b

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

Etihad Etisalat

Market Cap: ر.س54.5b

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

Hua Nan Financial Holdings

Market Cap: NT$459.3b

Provides financial services in Taiwan and internationally.

Tokyo GasLtd

Market Cap: JP¥2.3t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Tryg

Market Cap: DKK 91.9b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Hua Xia Bank

Market Cap: CN¥100.7b

Provides commercial banking services in China and Hong Kong.

WH Group

Market Cap: HK$112.8b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

bioMérieux

Market Cap: €12.2b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Brookfield Wealth Solutions

Market Cap: US$14.4b

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

Union Bank of India

Market Cap: ₹1.3t

Provides banking products and services in India.

Kasikornbank

Market Cap: ฿447.2b

Provides commercial banking products and services in Thailand and internationally.

Celsius Holdings

Market Cap: US$14.2b

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

Oklo

Market Cap: US$14.2b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Mashreqbank PSC

Market Cap: د.إ52.0b

Provides various banking and financial services to individuals and corporates.

James Hardie Industries

Market Cap: AU$20.7b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Israel Discount Bank

Market Cap: ₪44.4b

Provides various banking and financial services in Israel, Europe, and North America.

Smith & Nephew

Market Cap: UK£10.4b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Osaka Gas

Market Cap: JP¥2.2t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Penumbra

Market Cap: US$14.0b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩20.6t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Ambuja Cements

Market Cap: ₹1.3t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Mapfre

Market Cap: €11.8b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 59.8b

Produces and supplies hydro, wind, and energy electricity in Romania.

Origin Energy

Market Cap: AU$20.1b

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.

Alibaba Health Information Technology

Market Cap: HK$107.3b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Kerry Group

Market Cap: €11.7b

Provides taste and nutrition solutions.

BB Seguridade Participações

Market Cap: R$72.4b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Nova

Market Cap: US$13.7b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

ACM Research (Shanghai)

Market Cap: CN¥94.5b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫356.7t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Jiangsu Yanghe Distillery

Market Cap: CN¥94.2b

Offers liquors and wines.

Gjensidige Forsikring

Market Cap: NOK 132.7b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Everest Group

Market Cap: US$13.5b

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

Fisher & Paykel Healthcare

Market Cap: NZ$22.7b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Rambus

Market Cap: US$13.4b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Hormel Foods

Market Cap: US$13.4b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.