Founded in 1981, Sit Investment Associates is a privately held, multi-billion-dollar asset management firm that provides focused investment management expertise, competitive long-term results, and unparalleled service to our clients.
Sit Investment Associates is one of the largest independent, minority-owned investment firms in the U.S. For over 40 years our success has been built on long-term client relationships, which in turn are built on a foundation of trust, commitment, understanding, and expertise. We take pride in serving as a true extension of our clients’ operations. Our highly experienced and knowledgeable investment professionals work directly with clients providing highly individualized service in an increasingly challenging economic and financial environment.
We employ a disciplined, fundamental, research-driven investment process guided by highly experienced and knowledgeable senior investment professionals who interact directly with our clients. As a result, our clients can count on the firm to achieve highly competitive results, coupled with exceptional client service.
We view investing as the practice of applying a consistent philosophy and collaborative decision-making process driven by disciplined, fundamental research. Our broad top-down analysis in tandem with extensive bottom-up analysis enables us to identify, assess and understand the securities in which we invest.
For most of 2024, equity investors have generally expected monetary easing and a soft landing. As a result, stock valuations have already discounted much of this increasingly likely outcome. We suspect very limited, if any, multiple expansion in the near- to intermediate-term, requiring earnings growth to drive prospective equity returns. Importantly, earnings growth is showing nascent signs of acceleration (partly due to easy comparisons) just as monetary loosening and significant Chinese stimulus are set to add further support, especially in 2025.
We suspect stock gains will continue to broaden as investors anticipate cyclical improvements in the global economy, favoring a broad group of industries, including technology, industrials, financials, transports, and beleaguered consumer cyclicals. However, given our expectation for a relatively muted economic rebound in 2025, our efforts are focused on identifying firms that can demonstrate operating leverage to drive outsized earnings gains even if revenues accelerate only modestly. Moreover, we believe dividend-paying stocks will return to favor as bond yields become less competitive – our focus remains on investing in high-quality companies that can grow dividends at an above-market pace through earnings growth and higher payout ratios.
For our latest full Global Investment Outlook & Strategy Update, download the pdf document.
Our broad array of investment products encompasses the complete risk spectrum – from capital preservation to capital appreciation—enabling us to meet our clients’ entire range of investment objectives.
We are committed to a disciplined, fundamental, research-driven investment process. As a result, clients can count on the firm to achieve highly competitive results in tandem with exceptional client service.
Sit Mutual Funds is a family of mutual funds covering the entire risk spectrum, from stability of principal to high growth and grounded in our well-defined, hands-on management style and disciplined investment process.