Which of the following statements are true?

i) Portfolio optimisation cannot be applied with market timing strategies.

ii) Portfolio optimisation cannot be applied with asset rotation strategies.

iii) Portfolio optimisation cannot be done in a simple way.

iv) Portfolio optimisation cannot provide better risk characteristics.

1. (i) False, (ii) False, (iii) True, (iv) True
2. (i) True, (ii) False, (iii) True, (iv) True.
3. (i) False, (ii) False, (iii) True, (iv) False
4. (i) True, (ii) True, (iii) False, (iv) True.
5. (i) False, (ii) False, (iii) False, (iv) False