UK-based investment company abrdn announced today the launch of a new sustainable index range, extending its existing MyFolio franchise.
According to the company, each MyFolio Sustainable Index fund is managed to a defined level of risk and aims to generate long- term growth, while accounting for Environmental criteria consider how a company performs as a steward of nature. More and Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More risks and opportunities and to promoting good corporate Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. More.
The MyFolio index line consists of a range of multi-asset, fund of funds, split into distinct ranges and risk levels, aimed at offering advisers and clients with cost-effective, risk-targeted solutions to help meet their long-term investment needs.
Daniel Reynolds, Investment Manager abrdn added:
“The launch of MyFolio Sustainable Index increases the number of MyFolio ranges to seven, offering advisers flexibility and choice in terms of price, componentry and sustainability credentials. This new range offers advisers a robust suite of well diversified multi-asset investment portfolios, which explore sustainable investment in a controlled risk environment.”
The range invests in funds seeking lower risks around people and the planet or those that can help companies with lower sustainability scores to change direction. The range also avoids companies involved in the manufacturing of controversial weapons and those who don’t meet the UN standards on human rights, labour, environment, and anti-corruption.
The announcement follows Aberdeen Standard Investments (ASI)’s launch of a MyFolio Sustainable Fund range, with the addition of five Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More investing-focused offerings to the global asset manager’s fund of fund products targeted at advisers and clients
Justin Jones, Senior Investment Manager, said:
“The MyFolio Sustainable Index range lets customers access investments which aim to do more good and less harm, versus funds without an explicit sustainable mandate, whilst retaining all the benefits of MyFolio’s Strategic Asset Allocation and multi-asset portfolio construction approach, at a level of risk they are comfortable with and with a low cost which is capped.”
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