By investing in oil drillers, zinc producers and gold miners, the Van Eck Global Hard Assets Fund is currently in second place in the natural resources mutual fund arena reported The Seattle Times.

Approximately $197.5 million, or nearly 50% of the New York-based fund's total assets, is invested in energy, while 26%, or $99 million, is invested in metals. The remaining 24% is in real estate, paper and agriculture.

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