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ADA Members Retirement Program investment option among top 2018 performers

A new AXA target-date fund series option offered in the ADA Members Retirement Program ranked among the best performers in 2018.

AXA Equitable Life, which administers the ADA Members Retirement Program, saw its target-date mutual fund — called the 1290 Retirement series — among the top 5% performers of U.S. target-date mutual funds, according to Ignites, a publication service of the Financial Times, which used data showing rankings based on average returns across various funds. Target-date mutual funds is a type of “set it and forget it” investment where funds are allocated from higher risk mutual fund investments to more conservative investments over time.