NEW YORK ( TheStreet) -- Oil prices are soaring, but investors in United States Oil Fund (USO), have little cause to cheer. The ETF, which aims to track the price of a barrel of oil, has only recorded small gains. During the past year, the fund returned 3.8%, while the price of oil climbed more than 20%.Part of the problem can be traced to a condition in futures markets that traders call contango. For the past several years, the problem has pulled down results of many ETFs. Now companies have introduced a number of mutual funds and ETFs that are designed to reduce the impact of contango. Funds that have opened recently include United States Commodity Index Fund (USCI), United States 12 Month Oil Fund (USL), and Van Eck CM Commodity Index Fund(CMCAX).
Funds to Minimize Impact of Contango
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