12:52 PM EDT, 05/06/2026 (MT Newswires) -- JPMorgan Chase (JPM) has created an index tracking about 6,400 private US midsize companies with a combined $1 trillion in annual revenue, Bloomberg reported Wednesday.

The index, J.P. Morgan Private Assets Index (JPAX)-Middle Market, is designed to give investors and middle-market firms "an institutional-grade measuring stick"covering companies with annual revenue ranging from $10 million to $1 billion, the report said.

The index will function as a "diagnostic instrument"rather than a tradable product, the Bloomberg report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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