Emerging-Market Investing -- How the Pros Do It

By Ben Steverman - 2011-12-09T17:28:30Z

Photograph by Pankaj Nangia/Bloomberg

Company Symbol % Change
11 of 12

Rolling Out the Red Carpet

In the 1990s, while at HSBC Asset Management, Michael Roche was one of the first Western investors allowed to buy bonds in India. After buying a "mere $10 million" of bonds that had helped build a petrochemical plant, he visited the company headquarters. Unexpectedly he was whisked onto a helicopter for an hour-long ride to the plant. After a thorough tour, he was presented with a "massive Indian banquet," and then returned by helicopter. Roche notes things have changed in India, where investors can expect not a banquet but a hot beverage and a meeting with an investor relations manager.

Read the full special report.