Taiwanese Software Defensive Blue Chips

Fidelity National Financial

Market Cap: US$14.8b

Provides various insurance products in the United States.

Samsung Fire & Marine Insurance

Market Cap: ₩21.6t

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

Canara Bank

Market Cap: ₹1.3t

Provides various banking products and services in India and internationally.

Kerry Group

Market Cap: €12.5b

Provides taste and nutrition solutions.

Erie Indemnity

Market Cap: US$14.7b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

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.

BE Semiconductor Industries

Market Cap: €12.4b

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

Xi'an ESWIN Material Technology

Market Cap: CN¥101.7b

Xi'an ESWIN Material Technology Co., Ltd.

Hua Nan Financial Holdings

Market Cap: NT$461.3b

Provides financial services in Taiwan and internationally.

Metro

Market Cap: CA$19.9b

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

SCB X

Market Cap: ฿456.2b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 62.1b

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

Huaneng Power International

Market Cap: HK$111.5b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Brookfield Renewable

Market Cap: US$14.3b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Mapfre

Market Cap: €12.1b

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

Gjensidige Forsikring

Market Cap: NOK 137.8b

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

BB Seguridade Participações

Market Cap: R$74.3b

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

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫372.1t

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

Kasikornbank

Market Cap: ฿446.7b

Provides commercial banking products and services in Thailand and internationally.

Etihad Etisalat

Market Cap: ر.س53.0b

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

Fisher & Paykel Healthcare

Market Cap: NZ$23.5b

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

Jentech Precision Industrial

Market Cap: NT$444.5b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

ageas

Market Cap: €11.9b

Engages in insurance business.

Penumbra

Market Cap: US$13.9b

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

Everest Group

Market Cap: US$13.8b

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

Mashreqbank PSC

Market Cap: د.إ50.8b

Provides various banking and financial services to individuals and corporates.

Piotech

Market Cap: CN¥95.5b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

Brookfield Wealth Solutions

Market Cap: US$13.7b

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

Helvetia Baloise Holding

Market Cap: CHF 10.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Vodafone Idea

Market Cap: ₹1.2t

Provides mobile telecommunication services in India.

Hormel Foods

Market Cap: US$13.5b

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

Phison Electronics

Market Cap: NT$427.7b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Zimre Holdings

Market Cap: US$1.7b

Provides insurance, reinsurance, reassurance, and property management and development services in Zimbabwe, Botswana, Malawi, Mozambique, and Zambia.

bioMérieux

Market Cap: €11.5b

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.

Budweiser Brewing Company APAC

Market Cap: HK$105.2b

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

James Hardie Industries

Market Cap: AU$19.2b

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