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.
The stock market retraced some of the year’s earlier gains during the three months ending October 31, a historically softer period for equities. Although the calendar third-quarter corporate earnings reported in October generally topped consensus estimates, forward guidance failed to impress. In addition, the continued backup in longer-dated U.S. Treasury yields weighed on equity valuations and the economic outlook. The 10-year Treasury yield surged in October to its highest level since 2007 as bond investors demanded higher term premiums, economic strength exacerbated fears about inflation and higher-for-longer interest rates, and “bond vigilantes” protested against ballooning U.S. federal budget deficits.
Given the complex economic and geopolitical backdrop, investor confidence remains relatively muted. Institutional investors further reduced risk exposure across asset classes during October, with the State Street Risk Appetite Index falling toward its prior year-to-date low following a mid-summer bounce. While retail investor confidence has also tumbled recently, U.S. equity fund flows have been resilient. We suspect equities will remain volatile, with anything implying something other than a “Goldilocks” scenario potentially roiling markets and providing attractive stock-picking opportunities.
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.