Amidst the performance controversy surrounding the United States Natural Gas Fund (UNG), Index Universe has learned that its provider will launch a version that aims to mitigate the devastating effects of contango. The proposed United States 12-month Natural Gas Fund will buy longer dated futures contracts to lessen the impact of rollover losses incurred when markets are in contango.

US Commodity Funds already offers a 12-month version of its crude oil fund, which has perfomred better than its 1-month version by still has trailed the spot price of crude significantly.