Pendal profile: Portfolio manager Brenton Saunders on the mid-cap 'sweet spot' in Australian shares | Pendal Group
Hi there! Welcome to the new look Pendal website... Take a two minute tour to see what we’ve changed.

Mainstream Online Web Portal

Investors can view their accounts online via a secure web portal. After registering, you can access your account balances, periodical statements, tax statements, transaction histories and distribution statements / details.
Advisers will also have access to view their clients’ accounts online via the secure web portal.

Pendal profile: Portfolio manager Brenton Saunders on the mid-cap ‘sweet spot’ in Australian shares

July 15, 2025

In this video, Australian equities portfolio manager BRENTON SAUNDERS explains the strategic role of ASX mid-cap stocks in a diversified portfolio

An excerpt from Brenton’s interview

ASX-listed mid caps represent the “ideal sweet spot” of the market, offering compelling opportunities for investors seeking growth, income and diversification in their portfolios.

That’s according to Brenton Saunders, portfolio manager of Pendal Midcap Fund, who explains the opportunity set in the video above.

The ASX mid-cap universe — which Pendal defines as companies ranked 51st to 150th by market capitalisation — is rich with innovation and diversity. It includes high-growth names in fintech, healthcare and technology, as well as early-stage resource companies ramping up production.

“Most of the best growth stocks sit in the mid-cap universe,” argues Brenton.

These often founder-led opportunities are not only a more evenly weighted representation of the economy, but can also be the subject of corporate activity, making it an exciting part of the Australian market.

“These companies augment growth and capital appreciation at a reasonable level of yield,” Brenton says. “In aggregate, they tend to outperform large caps while offering more stability than small caps.”

However, performance is often tied to domestic economic conditions — which means it’s critical to invest with an experienced team with the resources to carry out deep macro-economic insight.

“Most mid-caps have high domestic exposure, so understanding the shape and health of the Australian economy is key,” says Brenton.

Pendal Midcap Fund is well placed to benefit from the scale, infrastructure and experience of Pendal’s Australian equities team, which is one of the biggest and best-resourced in the country.

“We have deep sector coverage and high continuity, which can translate into better research, stronger conviction and more robust portfolios,” Brenton says. “That allows us to find and cover opportunities in different parts of the economy at different times of the economic cycle.”

Supported by a disciplined, research-driven process, the fund offers a powerful tool for enhancing exposure to an exciting part of the market.

Watch the video above to hear more from Brenton and Pendal’s mid-cap strategy.

Get to know our portfolio managers better in these other profile videos:

About Pendal

Pendal is a global investment management business focused on delivering superior investment returns for our clients through active management.

Pendal’s Australian equities team is one of the most experienced and well-resourced equities teams in Australia. 

Contact a Pendal key account manager

Find out more about Pendal’s Australian equities capabilities

Keep updated
Sign up to receive the latest news and views