We all know certain grades of paper, such as linerboard and tissue, have strong futures. The same can be said for many grades of pulp. What we don't know is how individual companies will fair in the future, even in these grades. What if you financial types developed an equity, bond or some sort of hedge fund that invested across a grade spectrum? Say, for instance a Tissue Equity Fund that bought shares in tissue companies, thus recognizing the strength of tissue, but mitigating the performance of any one company.