WASHINGTON // Hillary Clinton, the US secretary of state, returned to work yesterday after a month-long absence caused by a series of health scares.
Mrs Clinton had been sidelined since taking ill on her return from a trip to Europe on December 7, and briefly hospitalised for a few days in New York last week.
But the State Department's schedule for the week ahead showed the top diplomat met her assistant secretaries in Washington yesterday. The talks were closed to the press.
A series of other meetings is planned through the week, including talks at the White House today with the outgoing defence secretary, Leon Panetta, and the national security adviser, Tom Donilon.
The high point of the week is Thursday, when Mrs Clinton will host Hamid Karzai, the Afghan president, for a working dinner.
This was a rare absence for the normally indefatigable Mrs Clinton, who in four years in office has travelled almost a million miles, visited 112 countries and spent close to 400 days in a plane.
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What is an ETF?
An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.
There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.
The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.
There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.
While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash.
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