A spokesperson for Woodford Investment Management confirmed the launch is under consideration but declined to comment further on details such as the timing or rationale for the move.
Woodford Equity Income has amassed £9.2bn in assets since it launched in mid-2014.
It has returned an impressive 28% since launch according to FE, although much of the upside was achieved in the first 12 months. Over the past year it has returned a not insignificant 4.8%.
This development follows news in June that Woodford is also considering the launch of a ‘higher income’ fund targeting a yield of 4.2% - 4.5%. The existing income fund has been yielding around 3.5%.
The star manager’s self-titled firm has been engaged in a consultation process regarding this potential launch and it yet to confirm the plan. The spokesperson said there is no further update on this matter yet.