The correct answer is C. Under the Trustee Act 2000, trustees have a general power to invest the trust property in the same manner as if they were the absolute owner of the trust property. This grants trustees wide discretion in choosing investments, subject to the statutory duty of care which mandates that they act prudently, considering the suitability and diversification of investments. 

Key Point: Trustees are granted broad investment powers under the Trustee Act 2000, allowing them to act as though they are absolute owners, but they must exercise these powers with due diligence and care to fulfil their fiduciary duties.