The iShares TIPs bond ETF TIP faced an outflow of $3.1 billion, while Lyxor Core US TIPS (DR) UCITS ETF - Monthly Hedged to GBP - Dist TIPH.L and iShares USD TIPS UCITS ETF USD IDTP.L had net sales worth $438 million and $369 million respectively. Average daily volumes on TIPs approached $22 billion last year, the highest on record, the Securities Industry and Financial Markets Association said. "TIPS were a big winner in 2021 and priced in very high levels of inflation for this year.