Serbian Software Defensive Blue Chips

China Everbright Bank

Market Cap: CN¥193.2b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Power Corporation of Canada

Market Cap: CA$37.9b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Advanced Info Service

Market Cap: ฿868.5b

Operates as a telecommunications and technology company primarily in Thailand.

Bank Hapoalim B.M

Market Cap: ₪88.6b

Provides various banking and financial services in Israel and internationally.

BNP Paribas Fortis

Market Cap: €22.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

China Tower

Market Cap: HK$205.4b

Provides telecommunication tower infrastructure services in the People's Republic of China.

ABN AMRO Bank

Market Cap: €22.5b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Amrize

Market Cap: CHF 21.0b

Focuses on building materials business in North America.

Koninklijke Philips

Market Cap: €22.5b

Operates as a health technology company in North America, the Greater China, and internationally.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥186.6b

Advanced Micro-Fabrication Equipment Inc.

EnBW Energie Baden-Württemberg

Market Cap: €22.3b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

DexCom

Market Cap: US$25.9b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Svenska Handelsbanken

Market Cap: SEK 243.2b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Bank of Jiangsu

Market Cap: CN¥184.1b

Provides various banking products and services in China.

STMicroelectronics

Market Cap: €21.9b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

SSE

Market Cap: UK£19.1b

Engages in the generation, transmission, distribution, and supply of electricity.

OmniVision Integrated Circuits Group

Market Cap: CN¥181.7b

OmniVision Integrated Circuits Group, Inc.

VERBUND

Market Cap: €21.7b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł92.3b

Provides various banking products and services in Poland and internationally.

Nestlé India

Market Cap: ₹2.2t

Engages in the manufacture and sale of food products in India and internationally.

China National Nuclear Power

Market Cap: CN¥179.1b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Credo Technology Group Holding

Market Cap: US$25.1b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Veolia Environnement

Market Cap: €21.4b

Designs and provides water, waste, and energy management solutions.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س93.8b

Provides private health and ancillary services.

Cincinnati Financial

Market Cap: US$25.0b

Provides property casualty insurance products in the United States.

Huntington Bancshares

Market Cap: US$25.0b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

Shinhan Financial Group

Market Cap: ₩34.7t

Provides financial products and services in South Korea and internationally.

Montage Technology

Market Cap: CN¥175.7b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

Pernod Ricard

Market Cap: €21.0b

Produces and sells wines and spirits worldwide.

Bank Mandiri (Persero)

Market Cap: Rp408.8t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Bank of Ningbo

Market Cap: CN¥174.5b

Provides various personal and business banking products and services in the People's Republic of China.

Constellation Brands

Market Cap: US$24.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

BT Group

Market Cap: UK£18.2b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

China Minsheng Banking

Market Cap: CN¥173.3b

Provides banking products and services in the People's Republic of China.

CGN Power

Market Cap: HK$188.1b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

China United Network Communications

Market Cap: CN¥172.0b

Provides telecommunication services in the People’s Republic of China.