Chile appears to be heading towards a period of political turmoil, accompanied by economic strength. It’s a credit to Chile’s institutional solidity that the sometimes-violent protests of October 2019 have now been channelled into a peaceful, democratic process. The result of the October 2020 referendum was never in doubt, but the margin of victory was greater than expected with 78% voting in favour of a new constitution. Political divisions For investors that vote signals the start of a two-year period…