Sit Mutual Funds Tops Barron's 2016 Best Fund Families List
In its annual Best Fund Families issue, Barron's names Sit Mutual Funds as the top fund family. Barron's measured manager skill across five fund categories. The complete list of ranked fund families is available online.
Barron's Best Mutual Fund Families publication dated February 8, 2016. Sit Mutual Funds was ranked #1 in 2016. Barron's is a trademark of Dow Jones & Co., L.P. All rights reserved. Reprinted with permission.
Third Quarter Investment Outlook and Strategy
The world economy continues to grow at a 2.5 to 3% pace per year, due to unprecedented global monetary stimulus, in spite of macro “crises” threatening to derail the expansion. Current investor concerns include high debt levels; Brexit; upcoming elections around the world; the pace of anticipated U.S. Fed interest rate hikes; Japan’s increasingly ineffective fiscal and monetary policy; and a potential reduction in Chinese government stimulus.
Despite the risks, macro economic indicators imply continued modest GDP growth. The U.S. remains on track for positive growth; the Euro Area is muddling along – aided by easy monetary policy; China has stabilized and poised to avoid a hard landing; and other Asian emerging market countries continue to post strong, moderate, single-digit growth.
The current U.S. 88-month expansion is the fourth-longest period of economic growth in the last 150 years. U.S. real GDP has sustained a 2.1% annualized rate of growth since mid-2009, but remains below the historical trend line for the previous three U.S. economic expansions. A number of secular and demographic trends might help explain the downtick in growth, but we believe conditions are in place for the U.S. economy to remain in a protracted period of growth, although it will be slower than that of previous cycles. Resiliency in consumer spending (a consistent contributor to GDP) combined with a modest contribution from fixed investments should underpin real GDP growth of 1.5 to 2.0% in both 2016 and 2017.
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Sit ESG Growth Fund
The Sit ESG Growth Fund invests in companies with strong environmental, social and corporate governance policies. We have confidence in these ethically-operated, financially-strong companies that employ sustainable practices that positively impact the environment and society.
Sit Mutual Funds launched the Sit ESG Growth Fund on June 30, 2016.