TAIPEI, Taiwan — Capital Securities Co. and Jih Sun Financial Holdings Co. rose in Taipei trading after being chosen to manage NT$16 billion for the government’s pension fund. Capital Securities gained 1.4 percent to close at NT$21.10 in Taipei, after climbing as much as 3.9 percent during trading. Jih Sun advanced 1.1 percent to NT$10.10, compared with the 1 percent rise in the benchmark Taiex index.
The two companies, as well as Prudential Financial Securities Investment Trust and National Investment Trust, were chosen to manage NT$4 billion each for the government’s pension fund over three years, the fund committee said in a statement on its Web site Sunday. National Investment Trust is a division of First Financial Holding Co.