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.
After posting a 4.33 percent loss in the first quarter of 2026, the S&P 500 Index climbed 15.19 percent in the second quarter, bringing the first-half return to 10.21 percent. At the index level, that gain came entirely from earnings growth, with rising forward earnings contributing about 19 percentage points to the first-half return, offset by a 9 percentage-point contraction in the price-to-earnings multiple. Driven by surging AI-driven demand and rising prices amid widening supply constraints, the technology sector, specifically semiconductors and semiconductor equipment, led the second-quarter rebound. Importantly, as tensions in the Middle East continue to ease, we expect market leadership to broaden following the narrow, semiconductor-led April and May gains, as it did before the conflict and in June.
Uncertainty surrounding the U.S.-Iran conflict remains a wildcard, but we believe equity fundamentals are supportive. With valuations near fair value relative to interest rates, further appreciation will likely depend on sustained earnings momentum. AI investment remains a powerful growth engine, while bank lending, transportation volumes, and manufacturing PMIs point to resilient corporate earnings. These trends lay a solid foundation for broader market participation in the second half of 2026, though a sustained broadening will likely require more stable energy prices and interest rates.
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.