Sit Investment Associates provides quality investment management expertise in domestic and international growth equities and fixed income. Investment management services are offered across four channels: Separate Accounts, Private Investment Funds, Collective Investment Funds, and Mutual Funds. We take pride in serving as a true extension of our clients’ operations, providing highly individualized service in an increasingly challenging economic and financial environment.

We view investing as the practice of applying a consistent philosophy and decision-making process over meaningful time periods. In fact, the firm’s success is built on long-term client relationships, which in turn are built on a foundation of trust, commitment, understanding, and expertise.

The firm is owned by its seasoned investment professionals, who work hands-on in every aspect of the investment process and client service. We are 100 percent committed to achieving clients’ investment objectives, because our clients’ success results in our success.

Global Investment Outlook and Strategy

December 9, 2019

Global stocks surged higher in November on increased investor expectations for a U.S.-China trade deal and an extended period of Federal Reserve restraint following so-called “insurance” interest rate cuts.  A strong start to the holiday shopping season also lifted investor spirits and bolstered projections that consumer spending will sustain solid U.S. economic growth. Although largely a defensive sector, healthcare services stocks received a boost from better-than-anticipated earnings guidance and moderating stances on Medicare for All by key Democratic candidates pursuing the U.S. presidency.  On the other hand, bond proxies (i.e., utilities, consumer staples, and real estate) trailed overall market performance as fixed income yields recovered from August 2019 lows. Global monetary and fiscal accommodation, which is expected to continue into calendar 2020, provide a favorable backdrop for economic growth and equity appreciation looking forward. Although a U.S.-China trade deal, even if less than ideal, could provide a positive catalyst for equity markets and unleash pent-up capital expenditures, the 2020 U.S. presidential election will likely receive a disproportionate amount of investor focus vis-à-vis past elections and contribute to elevated financial market volatility. We continue to believe in the merits of a “barbell” strategy – i.e., balancing pro-growth cyclicals with more stable, visible growth companies. We continued to shift to a slightly cyclical bias in November in anticipation of a recovery in global manufacturing PMIs in 2020, adding to selected capital goods and technology stocks that corrected in previous months due to trade concerns.

For more details, including a longer discussion of health care stocks, please see Sit Investment Associates’ October 2019 Global Investment Outlook and Strategy paper. Click here: Global Outlook and Strategy (Adobe Acrobat) or e-mail us at: siainfo@sitinvest.com.

Barron’s 2018 Top Mutual Fund Families

Barron’s ranks Sit Mutual Funds a top mutual fund family for 2018.  See the rankings and learn how Sit Mutual Funds earned 7th place.

MMAF Has Awarded Over 17,000 Grants

Since its inception in 2005, Minnesotan’s Military Appreciation Fund (MMAF) has awarded over 17,000 grants totaling over $10.5 million to Minnesota military personnel and their families.   MMAF is a non-partisan, non-political 501(c)(3) non-profit corporation.  It is a statewide fundraising initiative by the citizens of Minnesota.  Its mission is to say “thanks” to Minnesota service members and their families by providing cash grants to those who are making sacrifices in the defense of our freedoms in combat zones around the world.

The tragedy of 9/11 compelled the late Eugene C. Sit, founder of Sit Investment Associates Inc., to create MMAF in order to thank and give back to Minnesota service members.    Sit Investment Associates Inc. continues to support the efforts of MMAF.

To donate and learn more about Minnesotans’ Military Appreciation Fund, please visit the website at www.thankmntroops.org.