Neil Woodford's new fund is on track to launch in early June and will be a "carbon copy" of his Invesco funds, according to investment experts.
After years of strong performance, the star fund manager left Invesco Perpetual earlier this year for "personal reasons" and because he wanted to start his own company.
The Woodford Fund, which is being backed by Oakley Capital, is hotly anticipated and brokers say they are expecting very large inflows when it becomes available, hailing it as the biggest launch in a decade.