It has been well documented that strategic asset allocation is the predominant determinant of total returns in the long run. The full spectrum of highs and lows in global markets, marked in recent years by increasing uncertainty and lackluster returns, has started driving institutional investors to return to fundamentals. Instead of searching for the theme du jour, investors now dedicate more resources to determine the appropriate strategic mix of exposures to achieve their long-term objectives. This paper introduces the building blocks to designing a robust strategic asset allocation with a focus on consistency of process, comprehensiveness of analysis and implementation efficiency.