Additionally, bond investors will have to contend with duration risks as a rising interest rate environment, which will make older issued debt securities less attractive compared to newer issues that offer a higher yield.

Consequently, bond investors may consider TIPS-related ETFs as an inflation hedge.

“TIPS make sense in strategic, buy-and-hold portfolios to hedge against inflation,” Dzanis added.

Moreover, people can manage duration risks by moving down the yield curve to lower-duration TIPS options. For example, bond investors can look to options like the FlexShares iBoxx 5-Year Target Duration TIPS Index Fund Profile (NYSEArca: TDTF) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (NYSEArca: TDTT).

Related: 17 TIPS ETFs to Hedge Against Inflation

TDTF tracks inflation-hedging TIPS and seeks to provide targeted duration exposure through changing interest rate and economic cycles. Specifically, the fund includes a target average duration of approximately five years and specific maturity dates of at least three years but not more than 20 years. The ETF shows a 0.56% 30-day SEC yield and a 5.25 year adjusted duration.

TDTT also provides exposure to inflation-hedging TIPs but targets averaged duration of about three years, with maturity dates of at least one year but not more than ten years. The fund has a 0.13% 30-day SEC yield and a 2.80 year duration.

For more information on Treasury Inflation Protected Securities, visit our TIPS category.