Taiwan's stock market took a hard hit, but funds built around steady dividend payers went up anyway — a win for income investors who wanted safety.

• Taiwan's main index dropped 755 points after US inflation came in worse than expected and oil pushed past $105 a barrel.
• Traders now think interest rates may have to go up again, which pressured stocks worldwide.
• Two low-volatility high-dividend ETFs, Yuanta 00713 and Fuh Hwa 00731, closed higher while everything else fell.
• 00713 has gained 6% since mid-year against a flat market, helped by a shift into telecom, financial, and consumer stocks.
• It also declared a quarterly payout, with the ex-dividend date this month and cash landing in October.

Outlook: With big swings expected to continue, money is likely to keep flowing into low-volatility dividend funds as a safer place to park cash.