Russian Software Defensive Blue Chips

JDE Peet's

Market Cap: €15.4b

Operates as a coffee and tea company worldwide.

McCormick

Market Cap: US$18.1b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Eurobank

Market Cap: €15.2b

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

Zimmer Biomet Holdings

Market Cap: US$17.8b

Operates as a medical technology company worldwide.

Tenet Healthcare

Market Cap: US$17.7b

Operates as a diversified healthcare services company in the United States.

MACOM Technology Solutions Holdings

Market Cap: US$17.7b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

CEMEX. de

Market Cap: Mex$304.8b

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

Coloplast

Market Cap: DKK 111.1b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Rede D'Or São Luiz

Market Cap: R$91.6b

Engages in the provision of hospital services in Brazil.

JBS

Market Cap: US$17.5b

Operates as a protein and food company worldwide.

E.SUN Financial Holding Company

Market Cap: NT$549.9b

Offers various financial banking products and services in Taiwan.

Uniper

Market Cap: €14.7b

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

Banco Santander-Chile

Market Cap: CL$14.8t

Provides commercial and retail banking products and services in Chile.

Powszechny Zaklad Ubezpieczen

Market Cap: zł61.7b

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

Lasertec

Market Cap: JP¥2.7t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Bank of Hangzhou

Market Cap: CN¥119.3b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Insulet

Market Cap: US$17.0b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Power Assets Holdings

Market Cap: HK$132.6b

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

Bank Polska Kasa Opieki

Market Cap: zł60.4b

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

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥117.2b

China Three Gorges Renewables (Group) Co.,Ltd.

Wilmar International

Market Cap: S$21.5b

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

Banco de Crédito e Inversiones

Market Cap: CL$14.4t

Provides various banking products and services in Chile, United States, and Peru.

East West Bancorp

Market Cap: US$16.9b

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.

HDFC Life Insurance

Market Cap: ₹1.5t

Provides individual and group insurance solutions in India.

Hologic

Market Cap: US$16.7b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Unipol Assicurazioni

Market Cap: €14.1b

Provides insurance products and services primarily in Italy.

Santander Bank Polska

Market Cap: zł59.3b

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

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Bank of Beijing

Market Cap: CN¥114.2b

Provides various banking services to individuals and corporates in China.

Zegona Communications

Market Cap: UK£12.1b

Provides integrated telecommunications services in Spain.

Varun Beverages

Market Cap: ₹1.5t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Raiffeisen Bank International

Market Cap: €13.8b

Offers banking services to corporate, private, and institutional customers.

NMBZ Holdings

Market Cap: US$2.1b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق59.3b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

National Bank of Greece

Market Cap: €13.8b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Airtel Africa

Market Cap: UK£11.9b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.