Aberdeen Standard Investments (ASI) has launched a new sustainable fund of funds range under its ‘MyFolio’ brand.

The range includes five risk-graded, multi-asset portfolios that aim to do “more good and less harm,” the company says.

The five funds provide different combinations of investment risk and return. The target for each is to generate growth over a period of 5 years or more in conjunction with a defined level of risk.

The funds are labelled ASI MyFolio Sustainable I to V.

The portfolios comprised selected funds which meet the requirements of the ASI MyFolio Sustainable Investment Approach.

The funds invest in line with long-term environmental and social risks and opportunities and to promote good corporate governance through investment in other funds.

The funds will invest in funds where managers are focused on companies that “treat people and the planet well.”

They will avoid weapons manufacture, tobacco, coal and companies that do not meet the UN standards on human rights, labour, environment and anti-corruption.

The portfolios will be managed by Joe Wiggins, head of portfolio management and Matthew Wiles, senior investment analyst at ASI.

Mr Wiggins said: “The MyFolio Sustainable range offers advisers a robust suite of well diversified multi-asset investment portfolios, which explore sustainable investment in a controlled risk environment.”