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

October 8, 2019

Following better-than-expected first quarter 2019 results, U.S. real GDP growth of +2.0 percent in the second quarter once again surprised to the upside. However, measures of trade and economic policy uncertainty have both spiked since the May 2019 breakdown in U.S.-China trade talks, which, in combination with the global industrial downturn, is taking a toll on U.S. business confidence and capital investment. With business investment under pressure and fiscal stimulus expected to ebb in 2020, the growth of the economy is increasingly reliant on consumer spending. Appreciation of the S&P 500 Index year to date has been driven almost entirely by price-to-earnings multiple expansion, as earnings are projected to increase +2.1 percent against a difficult year-over-year comparison. Global monetary easing should sustain equity valuations through lower interest rates and higher liquidity. Regardless of sector, growth stocks with attractive dividend yields remain appealing as investors increasingly seek out stocks to generate income given the plunge in interest rates and Fed accommodation. This quarter’s special topic is health care, which has emerged as perhaps the single most important battleground issue in the upcoming U.S. presidential election. Despite favorable demographic underpinnings for U.S. health care demand, unprecedented uncertainty over the future of the American health care system presents challenges for near-term investment prospects.

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.