While most companies seem hesitant to spend their cash, at least one company is eager to take advantage of sluggish market activity to grow.

Touchstone Funds is eager to grow in scale and groom its funds into viable alternative for 401(k) plans, president Steve Graziano told Money Management Executive. "To the extent to which we can do another acquisition and gets of funds of scale, I would be delighted to do that," Graziano said.

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