Zambian Software Defensive Blue Chips

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫272.1t

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

American Financial Group

Market Cap: US$10.3b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

KT&G

Market Cap: ₩14.3t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Indus Towers

Market Cap: ₹904.2b

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India.

Alibaba Health Information Technology

Market Cap: HK$80.4b

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.

mBank

Market Cap: zł37.9b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Skyworks Solutions

Market Cap: US$10.2b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Japan Post Insurance

Market Cap: JP¥1.5t

Provides life insurance products and services in Japan.

Airtel Africa

Market Cap: UK£7.6b

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

Banque Cantonale Vaudoise

Market Cap: CHF 8.2b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

ICICI Prudential Life Insurance

Market Cap: ₹889.1b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

Alchip Technologies

Market Cap: NT$303.2b

Engages in the research and development, design, and manufacture of fabless application specific integrated circuits (ASIC) and system on a chip (SOC)in Japan, Taiwan, and China.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Carrefour

Market Cap: €8.7b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Waaree Energies

Market Cap: ₹878.0b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.