DoubleLine Podcasts

S12 E5: Investing in Chile, the Protests of 2019 and Drafting a Woke Constitution

DoubleLine’s Jeffrey Sherman and Sam Lau welcome Dr. Robert Funk, a political analyst at GlobalSource Partners, an assistant professor of political science at the University of Chile, and a political risk consultant and partner at Andes Risk Group. Dr. Funk visits the show to discuss the political situation in Chile and economic environment in a country he was once chided for focusing on because it was boring. Chile is boring no more. Dr. Funk recounts the backdrop that led to the protests of 2019, which were sparked by a hike in subway fares (5:46). The government response to the unrest was a proposed constitutional convention (9:15), a voter-approved process that he says has kind of gone off the rails. Dr. Funk describes the workings of the convention, which he says is dominated by the central and far left, and how a focus on representation over stability is leading to the drafting of the world’s first woke constitution (12:26), which he believes will affect investment at some point. Other topics covered by Dr. Funk and Messrs. Sherman and Lau include the popularity of Chilean President Gabriel Boric (15:14), the outlook for nationalization and royalties around Chile’s resources (23:21), the government’s goal of deficit reduction (26:37) and what Dr. Funk sees as a period of lingering uncertainty (35:51). This episode was recorded March 24, 2022.

Guest Speaker Bio

The views and opinions expressed herein are as of the date recorded and should not be construed as an offer to buy or sell any securities. Such views/opinions may differ from those of DoubleLine Capital or other of its affiliates and are subject to change without notice. DoubleLine has no obligation to provide any updates or changes. The following audio presentations represent DoubleLine’s intellectual property. No portion of these presentations may be published, reproduced, transmitted or rebroadcast in any media in any form without the express written permission of DoubleLine. DoubleLine has no obligation to provide any updates or changes. To receive permission from DoubleLine please contact [email protected].

Neither DoubleLine nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.

DoubleLine is not providing any financial, economic, legal, accounting or tax advice in these podcasts. The receipt of these podcasts by any listener is not to be taken as constituting the giving of investment advice by any DoubleLine entity or individual to that listener, nor to constitute such person a client of any DoubleLine entity. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.



2002 N. Tampa St.
Suite 200
FL 33602



This is a Test!

DoubleLine is testing our emergency back-up plan. If this were a real emergency, DoubleLine would be posting news, updates, contact information, webcast or conference call information here to keep our clients updated on the situation. To contact DoubleLine, please click here.


Thank you for your request(s). You will receive slides after the webcast has started. Replay and Recap notifications will take several days following the compliance review.


    Please fill in your information below in order to open this article in your browser.

    I am an Institutional Investor [recaptcha]