Funds That Rode Goldman Rebound

Goldman Sachs(GS Quote) is one of the biggest U.S. success stories coming out of the recent global economic downturn. Goldman, like a number of its fellow banks, was on the verge of being devastated at the end of 2008 and has come back with a vengeance.

According to Morningstar, the investment bank-turned-bank-holding company is now trading up 94% in 2009 for a period ending Aug. 7.

Warren Buffett's Berkshire Hathaway(BRK.A Quote) recently made $2 billion off of its investment in Goldman Sachs. Individual investors also have the opportunity to bank on Goldman's success with mutual funds that are heavily weighted in the holding company.

A number of mutual funds have been assisted by Goldman Sachs' better-than-expected revival. Funds such as Fidelity Select Brokerage(FSBLX Quote), T. Rowe Price Financial Services(PRISX Quote) and Janus Orion I(JORFX Quote) have Goldman listed in their top 10 holdings. Out of these options, Janus Orion I is the best suited to benefit, as the fund has Goldman listed as its top holding, making up 5.5% of the fund. The fund's shares are currently up 30% year to date in a period ending Aug. 17. The fund is up 10% compared to the S&P 500 in the same period. The fund received a four-star overall rating from Morningstar.

According to the fund's Web site, Janus Orion 1 seeks to identify companies creating value by generating a positive economic profit margin. On top of this, the fund has a concentrated, high conviction portfolio emphasizing businesses that they believe are mispriced relative to their long-term growth potential. The fund is also not constrained by market cap or geography.