Sit Investment Associates provides quality investment management expertise in domestic and international growth equities and fixed income. Investment management services are offered across four channels: Separate Accounts, Private Investment Funds, Collective Investment Funds, and Mutual Funds. We take pride in serving as a true extension of our clients’ operations, providing highly individualized service in an increasingly challenging economic and financial environment.

We view investing as the practice of applying a consistent philosophy and decision-making process over meaningful time periods. In fact, the firm’s success is built on long-term client relationships, which in turn are built on a foundation of trust, commitment, understanding, and expertise.

The firm is owned by its seasoned investment professionals, who work hands-on in every aspect of the investment process and client service. We are 100 percent committed to achieving clients’ investment objectives, because our clients’ success results in our success.

Global Investment Outlook and Strategy

January 10, 2019

U.S. equity markets skipped their typical fourth quarter rally and Santa was a no-show in December. Just a month after becoming the longest U.S. bull market, the S&P 500 Index corrected sharply, dropping -19.8 percent between September 20 and December 24 – just 21 basis points shy of the “official” definition of a bear market. A volatile and terrible December for the global equity markets sparked a flight to quality that drove treasury yields lower with non-government bonds lagging considerably for the month. Recent financial market unease notwithstanding, leading economic indicators generally remain favorable and do not imply recession is imminent within the next 18-24 months. However, real GDP growth will likely decelerate towards +2.0 percent in 2019 from a projected +3.0 percent in 2018 as the direct impacts of fiscal stimulus diminish, financial conditions tighten, and partisan conflicts intensify. We are optimistic a U.S.-China trade deal will begin to take shape in coming months, albeit progress will be subject to fits and starts, and that the Federal Reserve will be data dependent as it normalizes interest rates and its balance sheet concurrently. Overall, we expect the treasury curve to drift another half to a full percentage point higher over the course of the year.

For more details, including a longer discussion of investor sentiment, please see Sit Investment Associates’ January 2019 Global Investment Outlook and Strategy paper. Click here: Global Outlook and Strategy (Adobe Acrobat) or e-mail us at:

MMAF Has Awarded Over 16,500 Grants

Since its inception in 2005, Minnesotan’s Military Appreciation Fund (MMAF) has awarded over 16,500 grants totaling over $10.5 million to Minnesota military personnel and their families.   MMAF is a non-partisan, non-political 501(c)(3) non-profit corporation.  It is a statewide fundraising initiative by the citizens of Minnesota.  Its mission is to say “thanks” to Minnesota service members and their families by providing cash grants to those who are making sacrifices in the defense of our freedoms in combat zones around the world.

The tragedy of 9/11 compelled the late Eugene C. Sit, founder of Sit Investment Associates Inc., to create MMAF in order to thank and give back to Minnesota service members.    Sit Investment Associates Inc. continues to support the efforts of MMAF.

To donate and learn more about Minnesotans’ Military Appreciation Fund, please visit the website at