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.
On average, the stock market has traded sideways leading up to the midterms, and returns in September are historically the weakest of the year. Valuations in September came under increased pressure from a renewed surge in energy prices and soaring Treasury yields. As the quarter progressed, investors flocked to the perceived safety of AI infrastructure stocks, abandoning almost everything else, especially bond proxies and rate-sensitive stocks. Only 22 percent of S&P 500 constituents outperformed the broader index in September, down from 37 percent in August and 61 percent in July.
Equity portfolios remain well diversified, as the range of potential economic outcomes is exceptionally wide. We continue to favor companies with strong, sustainable earnings growth and valuations that can withstand higher-for-longer rates, while remaining cautious on consumer-oriented groups as inflation squeezes household budgets. Higher rates have sent investors back to large-cap technology and AI stocks, which are viewed as relatively insulated from rising rates and oil prices. We believe this crowding is creating opportunities elsewhere, notably in financials, industrials, and healthcare and, selectively, in small caps. A sustainable broadening likely requires confidence that rates and oil prices are nearing a peak, along with some resolution of the Iran conflict.
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.