We study the entanglement spectra of many particle systems in states which are closely related to products of Slater determinants or products of permanents, or combinations of the two. Such states notably include the Laughlin and Jain composite fermion states which describe most of the observed conductance plateaus of the fractional quantum Hall e�ect. We identify a set of 'EntanglementWave Functions' (EWF), for subsets of the particles, which completely describe the entanglement spectra of such product wave functions, both in real space and in particle space. A subset of the EWF for the Laughlin and Jain states can be recognized as Composite Fermion states. These states provide an exact description of the low angular momentum sectors of the real space entanglement spectrum (RSES) of these trial wave functions and a physical explanation of the branches of excitations observed in the RSES of the Jain states.