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.
All major domestic equity indices tumbled in February as a spate of soft economic reports, hotter-than-expected inflation, and the threat of a multi-front trade war sparked a modest growth scare and reignited the specter of stagflation. Despite the recent mixed economic data, the U.S. economy is still in decent shape. Even so, there is growing concern that soaring uncertainty will cause consumers and businesses to retrench before pro-growth initiatives come into play. As a result, investors took refuge in defensive sectors in February and cast off economically sensitive stocks within consumer discretionary, telecom, industrials, and technology.
Investors’ relatively muted reaction to tariff announcements shows that many expect them to be short-lived and part of a broader negotiation campaign. Nonetheless, the ever-changing, on-again, off-again tariffs have caused a spike in policy uncertainty that threatens to push the U.S. economy into recession, albeit a shallower one than if tariffs are left in place. The longer policy uncertainty remains at extremes, the more it will undercut economic growth prospects. Consumer confidence has begun to recede based on mounting job uncertainty, stretched finances for non-top-quartile households, and still-high prices. Likewise, businesses are reining in capital spending intentions until policy clarity improves.
Tariffs, which would put downward pressure on economic growth and upward pressure on prices, will put the Federal Reserve in a bind. However, we think they will have no choice but to continue cutting rates as job losses increase and spending slows. The Trump administration seems increasingly resigned that a shallow downturn in the near term may be inevitable, if not desirable. After all, it would compel the Federal Reserve to ease, aiding tax cuts and deregulation to drive an economic resurgence in 2026 and beyond. The risk is that it can be challenging to reverse a negative feedback loop once established.
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.