Ten Questions 10 Years After: Developing Markets Make Progress It’s been 10 years since the devaluation of the Thai baht triggered currency collapses and rattled stock markets in emerging markets around the world. To mark the occasion, and to take stock of how far Asia and other emerging markets have come, we caught up with three of our favorite international fund managers and asked them to answer 10 Questions. Mainly, we wanted to get their take on what’s changed over the past decade. And, we admit, we also wanted to find out a little more about them. What’s changed since 1997-98? What’s a high-conviction idea for you right now? What risks keep you up at night? Do you think the yields on emerging-markets bonds justify their risk? How concerned are you about aging societies in Japan and China? Has corporate Japan gotten its act together? What drew you to manage international funds? What was your first investment? What are you reading? How many countries do you visit every year? 10 Morningstar Advisor Fall 2007