Last week the firm started canvassing clients to see what the appetite for such products would be, but said the gaps in their product range would only be filled subject to further research, regulatory approval and to finding a suitable time to launch.
A spokesperson for the company said: "I’m sure these meetings will go well and clients will like the idea of the products and they will be in demand. But they are still in research stage so we don’t really know what they are going to look like."
Chris Rice, who is head of pan-European equities at Cazenove, has been with the firm since 2002 and is responsible for all aspects of the pan-European equity strategy.
He already manages the Cazenove European Fund, the Cazenove European Equity Fund and the Cazenove European Equity Absolute Return Fund.
Back in 2009 Cazenove added an income share class to his European Fund, which is offering approximately a 2% yield at the moment and the new fund would take that income focus and make it 100% of the remit.
Cazenove’s spokesperson said: "When we launched the European fund it was not designed for income, but Rice has got a good following and income is becoming much more of a priority for people, not just those nearing retirement."
A European equity income product would complete the income range which currently has UK equity income and diversity income offerings.
Meanwhile, head of credit Peter Harvey, who has been with Cazenove since 2005, is missing a high yield bond fund within his artillery.
He manages the Cazenove Strategic Bond Fund and Cazenove Strategic Debt Fund and in his Strategic Bond Fund covers both high yield and investment grade debt.
"As a core fund house we look to give core product to clients. European equity income is missing and high yield credit is missing, so it would make sense to launch funds to fill these gaps," the spokesperson concluded.