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DPG - DPG: High Expenses For More Than A Utilities Fund
Duff & Phelps Global Utility Income Fund Inc.
The Duff & Phelps Global Utility Income Fund (DPG) is a closed-end fund that invests primarily in utilities. High expenses, poor performance, and a liberal interpretation of what constitutes a utility company mean investors looking for a global utility fund are better off investing elsewhere.
When is a Utility Fund not a Utility Fund?
Being called a global utility fund, you might think that the fund is limited to just the utilities sector. Well, the fund may have a slightly different definition of what a utility is than what you might expect. The