ANZ says it has limited exposure to Allco

SYDNEY, March 7 (Reuters) - Australia and New Zealand Banking Group Ltd (ANZ.AX: Quote, Profile, Research, Stock Buzz) has very limited exposure to Allco Finance Group Ltd (AFG.AX: Quote, Profile, Research, Stock Buzz), ANZ Chief Executive Mike Smith told a media briefing on Friday.

Shares in asset manager Allco have been hammered on concerns over its high debt levels and opaque business model. ($1=A$1.08) (Reporting by Denny Thomas;)