Active ETF strategies should be considered by retirement-age investors, according to experts.

Retirees are seeking strategies to generate consistent income and long-term asset growth.

Todd Sohn, managing director at Strategas, believes that "income" will be the word of the year for 2023 due to the significant inflows into income products. He explains that a large group of investors are nearing retirement and are focused on maintaining their income to cover their monthly expenses. This represents a significant shift in investor behavior.

This year's narrow market leadership has contributed to the increase in investor demand for stable income products, as suggested by Sohn.

If you're concerned about the performance of your five stocks, which represent 25% of your portfolio, you may want to take a more active approach to investing.

According to Strategas' data, 23.3% of all flows into equity and income products this year are being led by actively managed strategies, which some experts recommend.

Goldman Sachs Asset Management's managing director of exchange-traded funds, Brendan McCarthy, argues that active ETFs with an options overlay strategy can provide investors with stable returns.

He suggested using income-generating derivative products as a solution in the same interview.

Goldman Sachs manages two new active funds, GPIX and GPIQ, which employ an options overwrite strategy to generate extra income beyond the broader indices' returns.

The pair of funds launched on Oct. 26.

McCarthy stated that they will purchase S&P and Nasdaq calls for each respective fund, and they will write calls on those index ETFs to generate income.

Since its inception, GPIX has gained 9.46% as of Friday's market close, while GPIQ has experienced a 10.74% increase.

During the same period, the ETFs based on the broader indexes, S&P 500 and Nasdaq 100, have experienced growth of 9.97% and 11.84%, respectively.