Which of the following regarding portfolio construction is FALSE.\ \ Question 9 options:\ \ Repositioning of portfolio reduces transaction costs\ \ \ The primary focus of portfolio construction concerns the process of determining the amount of funds allocated to each investment opportunity\ \ \ The objective of portfolio construction is to combine the investment opportunities into portfolios which provide the investor with positive active return compared to investing in one sector index or asset alone\ \ \ The process of portfolio repositioning comprises the timing of when the model conducts asset allocation as a repetitive exercise