Taiwan's main stock index bounced back sharply, and a handful of actively managed ETFs are doing even better than the market — good news for investors who bet on stock pickers.

• The Taiwan index jumped nearly 700 points to close back above 46,000, with chip giant TSMC leading the gain.
• Six of the 20 active ETFs in Taiwan are now back in the black since early July, even though the broad index still sits below its July high.
• The top performer is Nomura's Taiwan high-dividend fund, up 4.43%, followed by Nomura's Taiwan 50 and a JPMorgan income fund.
• Memory chip makers are the hot corner right now, with Nanya, Macronix and Winbond all rising on strong August sales tied to AI demand.
• A wave of ETF payouts lands in mid-September, and several funds are raising their dividends to record highs.

Outlook: The index is still chasing its July peak, and stock-picking funds look set to keep outrunning it if the memory and AI trade holds.