e Bank AG/London EFTA01466478 11 December 2013 GEM Equity Strategy Outlook 2014 Chile — continued breakdown of the neo-liberal model Figure 62: MSCI Chile — P/BV (x) since 2000 x 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 x 10 15 20 25 30 35 40 45 50 0 5 MSCI Chile P/BV Average P/BV Source: