Amid the volatility hitting ASX tech shares, it can be easy to forget that there are a number of attractive ASX growth shares in the S&P/ASX 200 Index (ASX: XJO) outside of the technology industry.
I’m going to talk about two stocks that have already expanded significantly in Australia and are tapping into growth markets in the northern hemisphere.
The two names below are ones I’ve added to my own portfolio.
Pinnacle Investment Management Group Ltd (ASX: PNI)
Pinnacle is a business involved in the investment world. It invests in a range of funds management businesses, taking a minority stake and helping them grow.
The ASX 200 share offers services like compliance, legal, finance, seed funds under management (FUM), working capital, client distribution, technology and more, so that the fund manager can focus on investing, which is what clients are ultimately wanting to pay for.
Pinnacle recently revealed its FY26 half-year result, which included impressive growth numbers. Although lower performance fees in this result led to a lower reported profit, its net profit excluding performance fees jumped 37% year-over-year.
The business revealed that its total affiliate FUM reached $202.5 billion, an increase of 13% in just six months from 30 June 2025. Net inflows for the half came to $17.2 billion.
I like that Pinnacle is looking to expand its portfolio, adding growth potential in other markets. For example, Langdon is a global and small Canadian small-cap focused fund manager, while Pacific Asset Management is a UK-based multi-asset platform business.
Breville Group Ltd (ASX: BRG)
Breville is one of the world’s leading coffee machine businesses with brands that include Breville, Sage, Lelit and Baratza. It also owns a coffee bean business called Beanz.
The company has been disrupted in FY26 by the US tariffs, but it has worked hard at diversifying its manufacturing for the US to other countries such as Mexico, which I think bodes well for the company’s success in FY27 onwards.
In FY25, the business delivered double-digit revenue, profit and dividend growth.
The ASX 200 share continues to expand in new growth markets such as China, South Korea and the Middle East.
This can help the business deliver shareholder returns for investors as it benefits from a growing global coffee culture. New products can also help drive demand.
At the time of writing, the Breville share price is valued at 33x FY26’s estimated earnings and 30x FY27’s estimated earnings.
The post 2 ASX 200 shares that could be top buys for growth appeared first on The Motley Fool Australia.
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Motley Fool contributor Tristan Harrison has positions in Breville Group and Pinnacle Investment Management Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.