The new suites are comprised of five funds each – MyFolio Multi-Manager Income I-V and MyFolio Managed I-V – which aim to offer investors a choice of active and index-based investment strategies across the risk spectrum.
Both suites are designed to complement two of the existing MyFolio suites (MyFolio Multi- Manager and MyFolio Managed) by offering an income mandate.
The MyFolio Market suite of tracker funds is the only original suite not to have an income variant launched.
Standard Life said the launches had been driven by a demand from investors seeking a range of higher-yielding options which also had reasonable capital growth prospects.
The three original MyFolio suites, which also have five funds a-piece, have amassed £900m since their launch in October 2010.
Bambos Hambi, head of fund of funds management at Standard Life, said: "It seems an entirely natural progression for us now to offer income-seeking investors the opportunity to invest in funds adopting a similar risk-based approach but with a strong emphasis on the level of yield.
"The new MyFolio Income range of funds has been structured to deliver a higher yield as a result of adopting a slightly different asset allocation stance and by investing in underlying funds that themselves have a higher yield expectation."
The MyFolio Income funds will be available through direct investment and via both Standard Life and select third party platforms.
One key difference between the Multi-Manager Income and Managed Income suites is the first will select from the whole market, while the latter will select mainly from Standard Life Investment’s internal range of funds.
