Covid-19 leads Aberdeen to delay Japan property fund

Aberdeen Standard Investments and Sumitomo Mitsui Trust Bank (SMTB) have delayed the launch of a closed-end fund focused on Japanese multi-family rental property, even as other investors have been busy pouring money into that sector. The British firm had originally hoped to launch the strategy by the end of 2019, but the target had already slipped and now has been postponed to an unidentified date over pandemic-related worries. The move underlines the challenges fund managers face…