Romanian Software Defensive Blue Chips

Carlsberg

Market Cap: DKK 121.6b

Produces and markets beer, soft drinks, and other beverage products in Western Europe, Asia, Central and Eastern Europe, India, and internationally.

Arca Continental. de

Market Cap: Mex$322.0b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Telecom Italia

Market Cap: €16.2b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

E.SUN Financial Holding Company

Market Cap: NT$604.1b

Offers various financial banking products and services in Taiwan.

Xi'an ESWIN Material Technology

Market Cap: CN¥127.2b

Xi'an ESWIN Material Technology Co., Ltd.

Saudi Energy

Market Cap: ر.س70.9b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Luzhou LaojiaoLtd

Market Cap: CN¥126.7b

Produces and sells alcoholic products in China and internationally.

Eurobank

Market Cap: €16.1b

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

Samsung Fire & Marine Insurance

Market Cap: ₩25.9t

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

Banco Comercial Português

Market Cap: €16.0b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a life insurance company in India.

Federal Home Loan Mortgage

Market Cap: US$18.7b

Operates in the secondary mortgage market in the United States.

Skyverse Technology

Market Cap: CN¥125.2b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

Krung Thai Bank

Market Cap: ฿611.5b

Engages in commercial banking business in Thailand and internationally.

SiTime

Market Cap: US$18.6b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Saudi Awwal Bank

Market Cap: ر.س69.2b

Provides banking and financial services in the Kingdom of Saudi Arabia.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 82.9b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Bank Polska Kasa Opieki

Market Cap: zł68.1b

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

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫483.0t

Provides banking products and services in Vietnam.

SinoPac Financial Holdings

Market Cap: NT$581.7b

Through its subsidiaries, provides banking services worldwide.

IHH Healthcare Berhad

Market Cap: RM 73.7b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Kasikornbank

Market Cap: ฿594.8b

Provides commercial banking products and services in Thailand and internationally.

Bank of Hangzhou

Market Cap: CN¥121.9b

Provides various banking products and services in China.

Telia Company

Market Cap: SEK 171.4b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Sonova Holding

Market Cap: CHF 14.4b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Telefônica Brasil

Market Cap: R$93.6b

Operates as a mobile telecommunications company in Brazil.

Wilmar International

Market Cap: S$22.8b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Kansai Electric Power Company

Market Cap: JP¥2.8t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

East West Bancorp

Market Cap: US$17.9b

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.

Koninklijke KPN

Market Cap: €15.3b

Provides telecommunications and information technology (IT) services in the Netherlands.

James Hardie Industries

Market Cap: AU$24.8b

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

Vodacom Group

Market Cap: R285.6b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Bankinter

Market Cap: €14.9b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

MPI

Market Cap: NT$553.6b

Manufactures, processes, repairs, imports/exports, and trades in semiconductor manufacturing and testing equipment in Taiwan, China, the United States, Singapore, Korea, and internationally.

IonQ

Market Cap: US$17.2b

Develops quantum computing systems in the United States, Switzerland, and Internationally.

Hua Nan Financial Holdings

Market Cap: NT$545.4b

Provides financial services in Taiwan and internationally.