A surprise March 15, 2018 ruling by the Federal Energy Regulatory Commission – known as the “FERC” – sent the MLP sector into a tailspin. However, in mid-July the FERC did an about-face, significantly softening the previous ruling and handing the sector a major victory.
Jieren (Jenny) Huang, CPA, has joined the global real estate securities team as a global research analyst. Huang will provide in-depth fundamental analysis and estimate intrinsic fair values, for real estate securities in the U.S. and Asia Pacific region. Please see the attached press release for more information.
The oil-price slump triggered fundamental changes that have transformed the investment outlook for the listed infrastructure sector.
In the second quarter, midstream investors put the March 2018 FERC ruling in the rear view mirror and instead went back to the sector’s strong underlying fundamentals...
While global markets remained very choppy, global listed infrastructure stocks (as measured by the FTSE Developed Core Infrastructure 50/50 Index, net) posted solid gains jumping 3.86% in the second quarter and easily outpacing the broader global market ...
Following a soft start to the year, global real estate equities began to outperform broader equities during the first quarter as tensions surrounding global trade policies began to emerge and market volatility increased...
Following a soft start to the year, international real estate equities began to outperform broader international equities during the first quarter as tensions surrounding global trade policies began to emerge and market volatility increased. This outperformance continued into the second quarter...
Following a soft start to the year on an initial adverse reaction to higher interest rates, and a string of quarterly underperformance versus the broader market, U.S. real estate equities outperformed broader U.S. equities from late January forward...
In the second quarter of 2018 international equity markets declined for the second consecutive quarter...
The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., announced today that it has filed a prospectus supplement under which it may issue and sell.
In April and May 2018, members of Duff & Phelps’ Global Listed Infrastructure team traveled to Australia, New Zealand and Europe for investment research trips. Insights from the trips follow.
Chicago, June 14, 2018 – The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), Duff & Phelps Global Utility Income Fund Inc. (NYSE: DPG), Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) and DTF Tax-Free Income Inc. (NYSE: DTF), four closed-end funds advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on each fund’s common stock.
In the last 30 days, we have seen Prologis offer to acquire their smaller rival DCT Industrial at a 14.5% premium and Blackstone seek to acquire Gramercy Property Trust for a 20.8% premium.
After posting strong performance in each quarter of 2017, international equity markets fell in the first quarter of 2018...
Duff & Phelps’ International Equity team discusses its thoughts on recent developments related to the Trump Administration’s trade policy...
Master Limited Partnerships (MLPs) and stocks of midstream energy companies fell sharply intra-day on March 15, 2018. The downward move was caused by the Federal Energy Regulatory Commission – also known as “FERC” - announcing that it would no longer allow MLPs to include a corporate income tax allowance in the contractual rates charged to certain customers. The Duff & Phelps MLP/Energy team provides their insight on this development...
Italy held its general election on March 4, 2018 following the dissolution of the country’s parliament several months earlier. No political party garnered an outright majority in the election, which resulted in a hung parliament. Duff & Phelps’ International Equity Portfolio team discuss the political and investment implications...
Duff & Phelps Investment Management Co., an affiliated manager of Virtus Investment Partners, Inc. (NASDAQ: VRTS), celebrated the 30th anniversary of the Duff & Phelps Select Income Fund (NYSE: DNP) by ringing The Opening Bell at the New York Stock Exchange on Monday, May 8.
Over the past several quarters, we have been positioning our international equity strategy in a more cyclical direction, recognizing that a broad-based global economic expansion was taking hold. Financials has been a particular area of focus, specifically the European banking sector, based on a range of catalysts.
The Duff & Phelps International Equity ADR strategy has been honored with a PSN Top Guns Manager of the Decade Award for the ten years ended December 31, 2016. This is the second year in a row the strategy has received this accolade.