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(Jong kiam Soon/Getty Images/iStockphoto)

This fund returned 52 per cent last year, but it will cost you

Every once in a while I use the fund filter tool on the GlobeinvestorGold website to check which mutual funds and ETFs are doing unusually well. Often this exercise turns up some surprises and occasionally it reveals a virtually unknown gem.

One of those gems turned up when I did my latest search for the top performing funds over the past years (to April 30). Almost buried in the clutter of high-performing energy funds was the Redwood Equity Growth Class, which was showing a one-year gain of just over 52 per cent. I hadn’t come across this fund before so I did some research on it.