TIPS Bond products saw a jolt in activity last week, with typically fairly quiet FlexShares iBoxx 3-Year Target Duration TIPS (NYSEArca: TDTT), expense ratio 0.20%), seeing multiple trading sessions north of a million shares (average daily volume 384,000 shares).

In fact, in one session alone, Thursday trading volume swelled north of 7 million shares, and the ETF attracted at least $250 million in new assets last week via creation activity, building on its existing base of $1.03 billion.

This fund still has not celebrated its two year anniversary, as it debuted in September of 2011, but has raised an impressive level of assets in this brief time period.

The TIPS space in general in the ETF space has proven to be a rousing success, judging by the net level of assets in the space, for TIP (iShares Barclays TIPS, Expense Ratio 0.20%) is the largest product here, with a healthy $20.6 billion in AUM.

Following are the popular and large WIP (SPDR DB International Government Inflation Protected Bond, Expense Ratio 0.50%), and STPZ (PIMCO 1-5 Year U.S. TIPS, Expense Ratio 0.20%), which both have greater than $1 billion in assets under management currently as well.