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Celebrating a Strong 2024: Ranked #2 Best Fund Family by Barron’s
Barron’s has published its annual Best Fund Families rankings, and we are proud to be ranked #2 overall out of 48 for 2024.
Out of 48 fund families, Sit Mutual Funds ranked:
- #1 in World Equity
- #1 in Mixed Equity
- #1 in Tax-Exempt Bond
- #11 in Taxable Bond
- #12 in General Equity
These rankings are based on performance for the 2024 calendar year. Additionally, our firm holds the #1 overall out of 46 for the past 5 years and is #8 overall out of 46 for the past 10 years.
The full article is available on online.
An achievement that reflects our team’s expertise and focus on delivering strong results. Looking forward to another strong year ahead.
Past performance is not necessarily indicative of future results.
Barron’s rankings are based on asset-weighted returns in five categories – general equity funds; world equity funds; mixed asset funds; taxable bond funds; and tax-exempt bond funds as calculated by LSEG Lipper. Barrons did not include sales charges in calculating returns. Each fund’s return was measured against those of all funds in its Lipper category, resulting in a percentile ranking which was then weighted by asset size, relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, that boosts its overall ranking; poor performance in its biggest funds hurts a firm’s ranking. To be included in the ranking, a firm must have at least three funds in the general equity category, one world equity, one mixed equity (such as a balanced or target-date fund), two taxable bond funds, and one national tax-exempt bond fund. Single-sector and country equity funds are factored into the rankings as general equity. Barrons excludes all passive index funds, including pure index, enhanced index, and index-based, but includes actively managed ETFs and smart-beta ETFs, which are passively managed but created from active strategies. Finally, the score is multiplied by the weighting of its general classification, as determined by the entire LSEG Lipper universe of funds.
Market Commentary
March 10, 2025
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.