A Legacy of Trusted Advice & Exceptional Results

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.

World Class Investment Managers Specializing in Growth Equity & Yield-Advantaged Fixed Income Strategies

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.

Exceptional Performance and Service

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.

Our Investment Approach

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.

Market Commentary

June 10, 2024

In May, the S&P 500 Index recouped its April losses on AI enthusiasm and equity investors’ hope that the “Fed put” might be back in play.  Led by electronic technology and bond proxies (utilities, telecom, and real estate), ten of the eleven GICS sectors in the S&P 500 generated positive total returns in May.  Still, only 33 percent of constituents outperformed the overall benchmark.  Nvidia, Apple, Microsoft, Meta, and Alphabet contributed about 60 percent to the S&P 500 Index’s and 83 percent to the Russell 1000 Growth Index’s one-month returns of +4.96 percent and +5.99 percent, respectively. 

The S&P 500 Index’s forward price-to-earnings multiple appears to discount a more aggressive interest rate cut scenario than implied by fed funds futures or U.S. Treasuries.  However, a further pushout in rate cuts is a risk for broad stock market returns.  Meanwhile, expectations for a soft/no landing, upward earnings revisions, a surplus of legacy liquidity, and the fear of missing out continue to provide an underlying bid for domestic stocks.

With the S&P 500 Index again at a record high, broad stock market indices are poised to trade sideways on higher volatility as economic headwinds, monetary policy uncertainty, and the impacts of the U.S. elections give investors pause.  Nonetheless, the correction in software stocks has provided attractive investment opportunities, as valuations more than discount a modest slowdown in enterprise spending.  Moreover, “higher for longer” interest rates are an earnings tailwind for financials. 

For our latest full Global Investment Outlook & Strategy Update, download the pdf document.

Strategies

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.

Performance

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.

Mutual Funds

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.

Meet our experienced investment professionals responsible for active management of our client portfolios.